Laserfiche WebLink
State Impacts are also calculated from the sum of participant plus horse park <br />expenditures. This sum of $1,466,968 In Column 6, Line 7 is derived from Line 1; it has <br />been margined at 25%, because only 20°% of participants are from out of state, and <br />therefore this is the source of impacts captured by the state. Those participants who <br />come from within the state would be assumed to be making those expenditures <br />elsewhere in the state If the horse park did not exist. Accordingly, the state participant <br />spending is actually less than the local. To derive other state measures, State Horse <br />Park Expenditures of Line 8 are added to Line 7, summing to the $2,082,403 of State <br />Total Direct Expenditures. This, In turn is multiplied by the State multiplier of 2.48, <br />resulting In a total impact (including indirect and induced effects) of $5,164,360 shown <br />on Line 10. <br />Thus, it can be seen that the proposed park, even on a very conservative estimate of <br />use, generates a significant Impact on -the County and'the State economies. It should <br />be noted that these estimates are based on horse shows only; they include no impacts <br />from use of the center by other events, which are expected .to consistently account for <br />up to 25% of the days the. facility is used. Any additional use by horse shows will also <br />markedly increase these totals. This analysis also only appilea to operating <br />expenditures — it ignores the very large initial construction expenditures.. <br />Fiscal Impacts u on the Public Sector <br />Lines 11, 12, 13, and 14 of Table 8 show tax impacts, based upon the results of the <br />"most likely" scenario. Line 11 represents total sales tax collected from participant <br />expenditures, calculated at a rate of 7.7%. Line 12 shows Cie Elum's local share of <br />the sales tax, $90,448 in Year 6. County share is $8,222. Finally, State shave of sales <br />tax (6.5°%) Is shown in Line 14, $1,100,611 In Year 6, reflecting the sales tax Collected <br />from out of state participants. . Local share of the motel and 'hotel -tax is based on <br />50°% of participant spending going to lodging and the tax rebate to local govemmert is <br />44 <br />