How much does the plan cost?
The overall project is about $257 million in today’s dollars. However, operating efficiencies and property sales will help pay down costs for the plan, reducing the impact on taxpayers. Savings combined with property sales means the community is funding only $125 million of the work in new taxes, not the whole $257 million. In 2008 a home assessed at $125,100 paid about $9.10 a month for the project. After the first year, the plan is expected to go up an average of less than $3 a year on a home assessed at $125,100 (yes, those figures take into consideration construction inflation and financing over 20 years).
Related Questions
- I plan to apply to colleges only in my home state to avoid the high cost out-of-state tuition. What do your recommend?
- Is preparing a wellhead protection plan more cost effective than treating groundwater contamination?
- What plan limitation are employers using to involve the employee in the cost of dental care?
