Sanatoga Greens
Fiscal Impact Summary
Lower Pottsgrove Township, PA

DRAFT
Development Program
Studio / 1-Bedroom Apartments
2-Bedroom Apartments
Townhouses - 3 Bedroom
Total Dwelling Units
Non-Residential Square Feet

171
172
160
503
119,335

Demographic Projections
New Residential Population
New School-Age Children
New Employees

889
58
233

Project Valuation
Market Value
Assessed Value (~ 56% of market value)

$146,034,742
$82,041,990

Lower Pottsgrove Township
Real Estate Tax Revenue (3.368 mills)
Per Capita Tax ($5 per adult)
Earned Income Tax (0.5%)
Local Services Tax ($26 per employee)
Real Estate Transfer Tax (0.5%)
Non-Tax Revenue
Intergovernmental Revenue
Total Township Revenues
Total Township Expenditures
Net Township Fiscal Impact

$276,317
$4,156
$191,120
$6,059
$67,089
$42,852
$39,566
$627,159
($385,400)
$241,759

Pottsrove School District
Real Estate Tax Revenue (37.715 mills)
Per Capita Tax ($10 per adult)
Earned Income Tax (0.5%)
Local Services Tax ($26 per employee)
Real Estate Transfer Tax (0.5%)
Mercantile Tax (0.15% of gross receipts)
Non-Tax Revenue
Intergovernmental Revenue
Total School District Revenues
Total School District Expenditures
Net School District Fiscal Impact

$3,094,279
$8,311
$191,120
$6,059
$67,089
$14,598
$15,209
$334,644
$3,731,309
($1,121,829)
$2,609,481

Total Program Fiscal Impacts
Total Development-Generated Revenues
Total Development-Generated Expenditures

$4,358,468
($1,507,228)

Net Fiscal Impact

Glackin Thomas Panzak, Inc.

$2,851,240

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7/11/2016