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This bill expands the permitted use of tax increment funds. The revenue to the current RDA projects would remain the same, however, the local tax rate would be increased to accommodate the expanded permitted use of tax increment funds. It is estimated that the provisions of this bill will generate a total of $24

 

FY 99 Approp. FY 00 Approp. FY 99 Revenue FY 00 Revenue
Uniform School Fund $38,000 $52,800 $38,000 $52,800
Local Revenue $229,500 $318,700 $229,500 $318,700
TOTAL $267,500 $371,500 $267,500 $371,500

 

Office of the Legislative Fiscal Analyst

2/25/1998 4:37:24 PM

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