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Ord. 20644
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2020 No. 20625 - 20644
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Ord. 20644
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Last modified
11/24/2020 5:50:22 PM
Creation date
11/24/2020 5:49:50 PM
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Template:
City Recorder
CMO_Document_Type
Ordinances
Document_Date
11/23/2020
Document_Number
20644
CMO_Effective_Date
12/25/2020
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ReportExhibitG:Table9EstimatedDivisionofTaxImpactof <br />thePlanonOverlappingTaxingJurisdictions,FY17FY25 <br />(Part1) <br />Tax Increment Collections <br />EstimateEstimateEstimateEstimateProjected <br />FY17FY18FY19FY20FY21 <br />1 <br />DistrictDivisionofTaxRevenueImpact <br />2 <br />SchoolDistrict4J$700,000$720,000$830,000$820,000$850,000 <br />LaneCommunityCollege 90,00090,000110,000110,000110,000 <br />LaneEducationServiceDistrict 30,00030,00040,00040,00040,000 <br />CityofEugene 1,030,0001,070,0001,230,0001,210,0001,260,000 <br />LaneCounty 190,000190,000220,000220,000230,000 <br />PermanentTaxRates <br />SchoolDistrict4J$4.7485$4.7485$4.7485$4.7485$4.7485 <br />LaneCommunityCollege 0.61910.61910.61910.61910.6191 <br />LaneEducationServiceDistrict 0.22320.22320.22320.22320.2232 <br />CityofEugene 7.00587.00587.00587.00587.0058 <br />LaneCounty 1.27931.27931.27931.27931.2793 <br />3 <br />IncrementalValueintheDowntownDistrict$156,120,000$161,800,000$186,440,000$184,220,000$190,800,000 <br />Notes: <br />1. Property tax collections for all years is 94%. <br />2. Analysis does not include impact on School District 4J's local option levy, which currently benefits from <br />the existence of the urban renewal districts. Additionally, the impact on schools is really an impact on the <br />of property tax dollars generated within their bounda <br />3. Existing property values increase at 3% per year. <br />ReportontheProposed2020Amendment 32 <br /> <br />
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