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<br /> 5-Year Summary of Estimated Property Tax Revenue, Retail Sales Tax Revenue and/or Incentive Payments Since 2019
<br /> Year 1 Year 2 Year 3 Year 4 Year 5
<br /> TOTAL
<br /> (2022) (2023) (2024) (2025) (2026)
<br /> Orange County
<br /> Estimated Prop.
<br /> Tax Revenue $1,539,058 $3,323,137 $3,441,807 $3,495,324 $3,542,080 $15,341,406
<br /> from Recruited
<br /> Projects*
<br /> Retail Sales Tax
<br /> (Wegmans) $616,200 $616,200 $616,200 $616,200 $616,200 $3,081,000
<br /> County Portion
<br /> Only
<br /> Orange County
<br /> Estimated
<br /> Incentive ($866,387) ($1,036,832) ($1,083,221) ($1,070,905) ($842,605) ($4,899,950)
<br /> Payments Made
<br /> to All Projects**
<br /> Orange County
<br /> Estimated Annual $1,288,871 $2,902,505 $2,974,786 $3,040,619 $3,315,675 $13,522,456
<br /> Net Revenues
<br /> *Estimated real and personal property tax values generated by all new and expanding industries since 2019:Thermo Fisher Scientific,ABB, Medline Industries,
<br /> Piedmont Metalworks
<br /> ** Estimated incentive payments to new and expanding industries recruited since 2019:ABB, Medline and Piedmont Metalworks. Orange County nets 25%of
<br /> the total property tax revenue in years 1-5. Years 6-10 currently include projections for with no additional incentive payments will be made, and Orange County
<br /> will net 100% of all future years' annual property tax assessments.Thermo Fisher Scientific received no discretionary County incentives.The value of the
<br /> Company's property tax generation is shown on the graph for years 2-10.
<br /> ***Wegmans will also generate a similar level of annual retail sales taxes to the municipalities
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