One of TV Rerun's more memorable quotes yesterday in referring to conducting even more unrequired and illegal studies about a Pullman Wal-Mart was, "What do we lose by doing more study?"
I'll tell you exactly what we lose TV.
An economic expert testified yesterday that a Pullman Wal-Mart could do up to $70 million a year in business, resulting in some $500,000 a year in sales tax revenue for the city of Pullman.
Further information from the Whitman County Assessor's Office was submitted by Jim Hawkes.
Pullman property tax rate is $16,4361 per thousand of appraised value. The estimated appraisal of the Wal-Mart Supercenter is $20,000,000.00.
$20,000,000.00 X .0164361= $328,722.00
$78,146.00 goes to the City of Pullman
$18,238.00 goes to the hospital
$9,958.00 goes to Emergency Medical Services
$9,958.00 goes to Pullman Metro Park District
$112,784.00 goes to the public schools
Total for Pullman is $229,084.00
$35,334.00 goes to Whitman County
$8914.00 goes to the Port of Whitman
Total for the county is $44,248.00
The State of Washington gets $55,390.00
$500,000 + $229,084 = $729,084 per year from a Pullman Supercenter in sales and property tax revenue alone. That comes out to $1997.49 every day that PARD's endless and frivilous delays are costing Pullman.
Total Tax Revenue Lost Since PARD's Site Plan Appeal was Filed: $213,741.43
I will be updating this figure every day until PARD drops their appeal or their appeal is rejected.