Tax Benefits for Tobyhanna Township

Both Tobyhanna Township and Monroe County Will Enjoy Substantial and Sustained Benefits with the Completion of the Pocono Manor Resort & Casino Project. In addition to the creation of extensive employment and its ancillary benefits to the area, a donation from the project’s principals of 32 acres for recreational ball fields and an additional 15 acres for a bus and rail station—as well as funding to establish a vocational/training school geared towards the hotel/casino industry—will greatly enhance the quality of life for area residents.

Tobyhanna Township

Costs are estimated at $1,057,500, resulting in approximately $5,615,028 of annual surplus revenues, plus a one-time revenue of $1,259,525. The following provides a detailed breakdown of Tobyhanna Township’s Summary of Estimated Revenues.

Annual Estimated Total Real Estate Tax revenue…………….$1,891,569

• Annual Estimated Total Real Estate Revenue…………….$2,806,233
• Annual total Earned Income Tax (EIT)………………..$158,808
• Annual Estimated Recurring Real Estate Transfer Tax……………$86,844
• Annual Estimated Tax Revenues…..$3,051,885
• Annual Estimated Gaming Revenues…..$3,620,643
• Estimated Total Annual Revenues……...$6,672,247

• One-Time Construction Employee Earned Income Tax (EIT)…….$18,900
• One/First-Time Estimated Real Estate Transfer Tax……………..$1,240,625
• One-Time Estimated Revenues………….$1,259,525

One-Time Estimated Revenues………….$884,150

 

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