Financial & Tax Impact on Community

Stroudsburg will struggle to survive with the projected loss of revenue!

These losses will give local officials a need to potentially increase all taxes. 

UPDATE: Changes are being made.

The impact will be less and closely monitored for the minimal impact as possible.

County

$35,258.81

loss of tax revenue

Business

51

businesses will be acquired or affected by loss of land.

$31,657.23

lost borough tax revenue 

40

residences

will be acquired 

$32,234.34

lost borough tax revenue 

Individual

School

$257,617.20

loss of tax revenue

update!!!

Financial & Tax Impact on Community

 

Build Alternative 2D will require the following property acquisitions

Residences  66

Non-residences  26

Undeveloped 8 

TOTALS  92

* The number of residential units may be slightly higher than reported here because some houses may contain multiple units.

 

 Build Alternative 2D would also require 

175 partial property acquisitions 

consisting of 

101 residential  

46 non-residential & 

28 undeveloped parcels 

 

The acquisition of properties for the project would reduce the tax base for

Monroe County, as well as the Borough of Stroudsburg and Stroud Township 

The estimated tax reduction is approximately 7%.

 

Estimated Total Property Tax Revenue Loss 

$325,858

Estimated Municipal Tax Revenue Loss

 $44,612

County Total Property Tax Revenue 

$46,483,361

Municipal Tax Revenue 

$6,265,922

Change as Percent of Total County Property Tax Revenue 7%

Change as Percent of Municipal Tax Revenue 7% 

 

TOTAL LOSS OF TAX REVENUE 

$470,000

 

*NOTE - Information found in

Environmental Assessment Table 6: Fiscal Impacts of Property Acquisitions for Build Alternative 2D

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