What Is Revenue Neutrality?
Because the Oakhurst area generates far greater income in taxes than it costs to provide current levels of service, we are required by law to share those excesses with the County for a period of time. For a 10-year period, we will need to share current levels of excess revenue with the County, giving them the opportunity to replace that revenue from other sources. After the County is paid off, we keep the money to invest in our community.
Related Questions
- My organization does not have federal exemption (or is exempt under a different Internal Revenue Code section). How do I obtain tax-exempt status for California?
- Why is the Airport constructing a hotel on-site? What other sources of non-airline revenue is the Airport exploring?
- What Is Revenue Neutrality?
