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  2. Board Of Aldermen - Agenda - 4/12/2022 - P476

Board Of Aldermen - Agenda - 4/12/2022 - P476

By dnadmin on Mon, 11/07/2022 - 07:46
Document Date
Fri, 04/08/2022 - 13:45
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 04/12/2022 - 00:00
Page Number
476
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__041220…

SUMMARY
Table 12
Fiscal Summary

Gross Property Tax & Auto
Registration Revenues $49,920

Municipal Costs

Police -$3,303

Fire -$2,538

Misl. -$2,000

School Costs -$9,500

Total Estimated Costs -$17,341
Net Positive Fiscal Impact +$32,579

Based upon the report’s findings, gross yearly revenues generated by the
proposed project will total $49,920. The anticipated yearly fiscal impact to the
City of Nashua is estimated to be $17,341, resulting with a yearly positive fiscal
impact of approximately $32,579. Key findings supporting this conclusion

include:
> An estimated $32,579 yearly positive fiscal impact will occur to the
community, with actual positive revenue exceeding this figure.

> Oniy minor emergency call increases are estimated for the Police and Fire

Departments.

> Overall declining school enrollment is anticipated to continue and 2 school
age children are expected to reside within the development creating
limited impact on the District. Enrollment projections for the District show

continued declining figures.
> The subject sites property assessment will increase 296%.

> The proposed project will include private drives and trash collection.

13

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Board Of Aldermen - Agenda - 4/12/2022 - P476

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