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APPROPRIATION COMMITTEE REPORT TO THE JUNE 2013 STM
<br />The proposed schedule for the TIF is shown in the following table. The TIF percentages are specified in
<br />the TIF agreement, while the dollar values are estimates for purposes of illustration.
<br />uniQure TIF Schedule
<br />Fiscal
<br />Year
<br />Tax on
<br />Baseline
<br />Full Tax on
<br />Increment
<br />TIF %
<br />Net Tax on
<br />Increment
<br />Tax Relief to
<br />uniQure
<br />2015
<br />$158,922
<br />$137,075
<br />50%
<br />$68,538
<br />$68,538
<br />2016
<br />$162,896
<br />$140,502
<br />50%
<br />$70,251
<br />$70,251
<br />2017
<br />$166,968
<br />$144,014
<br />50%
<br />$72,007
<br />$72,007
<br />2018
<br />$171,142
<br />$147,615
<br />40%
<br />$88,569
<br />$59,046
<br />2019
<br />$175,421
<br />$151,305
<br />2%
<br />$148,279
<br />$3,026
<br />2020
<br />$179,806
<br />$155,088
<br />2%
<br />$151,986
<br />$3,102
<br />2021
<br />$184,301
<br />$158,965
<br />2%
<br />$155,786
<br />$3,179
<br />2022
<br />$188,909
<br />$162,939
<br />2%
<br />$159,680
<br />$3,259
<br />2023
<br />$193,632
<br />$167,013
<br />1%
<br />$165,343
<br />$1,670
<br />2024
<br />1 $198,472
<br />1 $171,188
<br />1 1%
<br />$169,476
<br />$1,712
<br />Total
<br />1 $1,780,469
<br />1 $1,535,704
<br />1 18.61%
<br />$1,249,915
<br />1 $285,790
<br />The estimated tax revenues from the previous table are displayed in the following chart. The Town would
<br />receive the revenue indicated by the two lower (Baseline and Increment) segments of each column, and
<br />the tax reductions to uniQure are represented by the top (TIF) segments.
<br />Comparison to other TIFs
<br />The timing, location, business plans, and scale of development are different for every situation where a
<br />TIF Agreement is proposed. Each TIF Agreement also has a unique schedule of annual tax discounts, and
<br />2
<br />Tax Revenue Under the uniQure TIF
<br />
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