Tax Benefits

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

Monroe County

Total annual revenues will be up to $11,379,164, less service costs estimated at $1,157,517, resulting in approximately $10,221,647 in surplus revenues. Total direct employment estimated at 3,368 will result in the Pocono Manor Resort & Casino as becoming the second largest employer in Monroe County.

A breakdown of the Summary of Estimated Revenues is as follows:

• Annual Estimated Total Revenue to Monroe County……………$3,307,191

Annual Estimated Gaming Revenue in Grants from State……$8,071,973
Estimated Total Revenue………$11,379,164

The Pocono Manor Resort & Casino will avail the Pocono School District and the Commonwealth of Pennsylvania with economic enhancements emulating from the significant gaming revenues produced by this world-class resort complex, as well as the inclusion of 32 acres for recreational fields off Sullivan Road.

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Pocono School District

Total annual revenues will be up to $24,031,590 less service costs estimated at $939,631, resulting in an annual surplus of approximately $23,091,959 plus one-time revenue of $1,401,275.

A breakdown of the Pocono School district summary of Estimated Revenues is as follows:

• Annual Estimated Total Real Estate revenue…………….$23,675,152
• Annual total Earned Income Tax (EIT)………………..$269,594
• Annual Estimated Recurring Real Estate Transfer Tax Revenue……………$86,844

Annual Estimated Revenues…..$24,031,590

• One-Time Construction Employee Earned Income Tax (EIT)…….$18,900
• One/First-Time Real Estate Transfer Tax………………………..$160,650
• One/First-Time Estimated Real Estate Transfer Tax……………..$1,240,625

One-Time Estimated Revenues…………$1,401,275

The Commonwealth of Pennsylvania

Total annual revenues will be up to $196,053,259 for use by the state and/or distribution to host counties and municipalities, economic development, tourism, volunteer fire companies and local law enforcement agencies. Further, there will be an increase in spending of up to $60,000,000 for the purchase of goods and services from other Pennsylvania businesses. Up to $158,200,000 in retail, dining and entertainment sales will be generated, garnering approximately $6,168,700 in sales taxes for the state.

A breakdown of Pennsylvania’s Summary of Estimated Expenses is as follows:

• Annual Recurring Real Estate Transfer Tax Revenues…$173,688

  Annual Estimated Gaming Revenues…..$157,403,479

  Total Annual Recurring State Revenues……$196,053,259*

*Does not include sales tax, income tax or other state taxes except those listed.

• One/First-Time Real Estate Transfer Tax……………..$2,481,250

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