City Estimates Parkwood Annexation Would Have Financially Positive Impact For First 5 YearsDecatur Metro | | 10:18 am
The Parkwood Annexation Report is now available on the city of Decatur’s website.
All of the city associated revenue (taxes) to costs (police/fire, streetlights, sewer, etc) come out easily net positive for the city ($152k vs. $22k in Year 2). However, the school system seems to be a bit of a different story. Though the projection of revenue to the cost of students is net positive the first 5 years (shown below), it’s hard to ignore that the gap between the two shrinks from around $100k in Year 2 to just $27k in Year 5, as the number of students increases from 19 to 31 in the annexed area.
Decaturish (who gets the hattip on this post) reports that the city commission is scheduled to vote on the Parkwood annexation in late April.