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<br /> Name of Companv Assessed Valuation
<br /> Archer Daniels Midland Co. 22,561,068
<br /> Caterpillar Tractor Co. 12,769,533
<br /> A.E. Staley Mfg. Co. 11,068,812
<br /> Southeast Plaza Development 7,100,000
<br /> Illi.nois Power Co. 5,619,529
<br /> Wa1NSart Stores 4,210,262
<br /> Decatur Memorial Hospital 3,836,728
<br /> B. MUNICIPAL SALES TAX & THE SOUT�EAST PLAZA
<br /> DEVELOPMENT
<br /> For at least the past ten years local Retailers Occupation Tax(the Municipal
<br /> Sales Tax) has played a major role in providing tax dollars to operate the City of
<br /> Decatur. In 1996, Municipal Sales Tax funded 23.33% of the total operating budget
<br /> of the City of Decatur. Below is a chart showing the revenue generated from
<br /> municipal sales tax vs. total revenue generated by the City.
<br /> Year Municipal Sales Tax Total Revenue
<br /> 1987 7,222,918 44,325,309
<br /> 1988 7,531,201 41,167,221
<br /> 1989 12,102,322 47,257,491
<br /> 1990 12,524,790 52,419,253
<br /> 1991 12,755,579 53,498,198
<br /> 1992 12,983,258 55,270,316
<br /> 1993 13,880,459 59,567,665
<br /> 1994 14,812,368 58,384,750
<br /> 1995 15,436,740 60,248,148
<br /> 1996 15,480,742 66,351,104
<br /> In the year 1988,the City of Decanu ina�eaxd ita Mumcipal Tax Rate&om 1%to 2%,thereby inaeasing the amount of sala tax generated on an
<br /> aanual basis by the City. 1n 1996,the City added aaother 1/4%of Sales tax for Capital Improvements withiit the Ciry.
<br /> Obviously, increases in municipal sales such as those proposed with this
<br /> Project will substanrially impact the amount of sales the City generates on an annual
<br /> basis. Based on the Developer's projecrions, this project could produce nearly
<br /> $300,000 a year in annual sales tax or almost 2% of the total sales tax generated
<br /> within the City in 1996. �
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