How much does the plan save? The plan saves about $5.3 million a year in efficiencies including facility operation, maintenance, and utility reductions.
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). How much is construction inflation and financing? If you include construction inflation over 5 years add $36 million to $257 million and it’s $293 million. If you add 20 years financing to the $293 million you get a total of about $407 million.
Related Questions
- June 10, 2002 - There is no co-payment required in my Health Net POS plan if I go to an in-network inpatient facility, but CIGNAs is $50 per day. Isn this a reduction in benefit coverage?
- How much does the plan save? The plan saves about $5.3 million a year in efficiencies including facility operation, maintenance, and utility reductions.
- Is the OSR facility a recycling operation?
