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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 Tax on Full Tax on Net Tax on Tax Relief to
<br /> Year Baseline Increment TIF % Increment uniQure
<br /> 2015 $158,922 $137,075 50% $68,538 $68,538
<br /> 2016 $162,896 $140,502 50% $70,251 $70,251
<br /> 2017 $166,968 $144,014 50% $72,007 $72,007
<br /> 2018 $171,142 $147,615 40% $88,569 $59,046
<br /> 2019 $175,421 $151,305 2% $148,279 $3,026
<br /> 2020 $179,806 $155,088 2% $151,986 $3,102
<br /> 2021 $184,301 $158,965 2% $155,786 $3,179
<br /> 2022 $188,909 $162,939 2% $159,680 $3,259
<br /> 2023 $193,632 $167,013 1% $165,343 $1,670
<br /> 2024 1 $198,472 1 $171,188 1 1% $169,476 $1,712
<br /> Total 1 $1,780,469 1 $1,535,704 1 18.61% 1 $1,249,915 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 /> Tax Revenue Under the uniQure TIF
<br /> $400,000
<br /> $350,000
<br /> $300,000
<br /> $250,000
<br /> $200,000
<br /> $150,000
<br /> $100,000
<br /> $50,000
<br /> $0
<br /> 15 16 17 18 19 20 21 22 23 24
<br /> o Baseline ®Increment 0 TIF
<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
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