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The estimated amount of urban renewal taxes to be divided for the Downtown District in FY04-05 (net <br />of discounts, delinquents, etc.) is shown in the following chart. Only the permanent tax rates of the <br />overlapping jurisdictions are considered in this analysis.. As can be seen, in FY04-05, it is estimated that <br />the City of Eugene would forego about $830,000 of revenue because of the Downtown Urban Renewal <br />District. Lane County is estimated to forego $150,000 and the combined school districts are estimated <br />to forego $660,000 of revenue. <br /> <br /> FY04-05 <br /> Revenue Impact on Overlapping Jurisdictions <br /> School District 4J 560,000 <br /> Lane Community College 70,000 <br /> Lane Education Service District 30,000 <br /> City of Eugene 830,000 <br /> Lane County 150,000 <br /> <br /> Permanent Tax Rates <br /> School District 4J 4.7485 <br /> Lane Community College 0.6191 <br /> Lane Education Service District 0.2232 <br /> City of Eugene 7.0058 <br /> Lane County 1.2793 <br /> <br /> Incremental Value in the Downtown UR Distr. ict 127,420,000 <br /> <br /> Property Tax Collection Rate 93% <br /> <br /> <br />