Question Description
Relevant files are attached.
- Using the annual payroll estimate of $150,000 and the financial positions in Exhibits 6 and 7, what will be the monthly rents in the proposed development? Are these calculations reasonable?
- Cincinnati has a proportional income tax of 2.1%, for both residents and workers in the City. Without considering inflation, what amount of payroll would John Blatchford need to create in order for Cincinnati to break-even on the CRA tax abatement using the assumptions in the memo?
- The ordinance reports a positive ROI for the City of Cincinnati. However, does the tax abatement, in its entirety, generate
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