Estimated Fiscal Impact of the Atlantic Yards Project on the New York City and New York State Treasuries by Andrew Zimbalist Robert A. Woods Professor of Economics Smith College Northampton, Ma. May 1, 2004

Spreadsheet Detailing Fiscal Impact of the Commercial Buildings

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• Annuity 2005 NPV Aggregate
• After Application of Multiplier
• TOTAL REVENUES FROM INCOME AND SALES TAXES

Spreadsheet Detailing Fiscal Impact of the Commercial Buildings $ in thousands Annuity 2005 NPV Aggregate INCOME TAX State $4,726 $68,683 $176,252 City $2,136 $31,050 $79,680 Total Income Tax $6,862 $99,733 $255,932 After Application of Multiplier $10,293 $149,600 $383,898 SALES TAX NY State Sales Tax $1,699 $24,690 $63,359 MTA Sales Tax $100 $1,452 $3,727 NY City Sales Tax $1,154 $16,775 $43,047 Total Sales Tax $2,953 $42,917 $110,132 After Application of Multiplier $4,429 $64,376 $165,199 TOTAL REVENUES FROM INCOME AND SALES TAXES $14,723 $213,976 $549,096 $ in thousands 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 INCOME TAX State $0 $0 $1,445 $1,488 $3,063 $3,154 $4,854 $4,999 $5,149 $5,304 $5,463 $5,627 $5,796 $5,970 $6,149 City $0 $0 $653 $673 $1,385 $1,426 $2,194 $2,260 $2,328 $2,398 $2,470 $2,544 $2,620 $2,699 $2,780 Total Income Tax $0 $0 $2,098 $2,161 $4,447 $4,581 $7,048 $7,260 $7,477 $7,702 $7,933 $8,171 $8,416 $8,668 $8,928 After Application of Multiplier $0 $0 $3,147 $3,241 $6,671 $6,871 $10,572 $10,890 $11,216 $11,553 $11,899 $12,256 $12,624 $13,003 $13,393 SALES TAX NY State Sales Tax $0 $0 $519 $535 $1,101 $1,134 $1,745 $1,797 $1,851 $1,907 $1,964 $2,023 $2,083 $2,146 $2,210 MTA Sales Tax $0 $0 $31 $31 $65 $67 $103 $106 $109 $112 $116 $119 $123 $126 $130 NY City Sales Tax $0 $0 $353 $363 $748 $770 $1,185 $1,221 $1,258 $1,295 $1,334 $1,374 $1,416 $1,458 $1,502 Total Sales Tax $0 $0 $903 $930 $1,914 $1,971 $3,033 $3,124 $3,218 $3,314 $3,414 $3,516 $3,622 $3,730 $3,842 After Application of Multiplier $0 $0 $1,354 $1,395 $2,871 $2,957 $4,549 $4,686 $4,827 $4,971 $5,120 $5,274 $5,432 $5,595 $5,763 TOTAL REVENUES FROM INCOME AND SALES TAXES $0 $0 $4,501 $4,636 $9,541 $9,827 $15,122 $15,576 $16,043 $16,524 $17,020 $17,530 $18,056 $18,598 $19,156 Directory: documents documents -> Concept stage documents -> Concept stage documents -> The great global switch-off documents -> Nonprofit grant application documents -> The Truth about the Rwandan Genocide documents -> Annual InStructional unit plan documents -> Chaos equipment included Download 441.22 Kb. Share with your friends: