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are used to arrive at the impact during the other years. As for 1993, the 1992 impact is <br /> compounded at a rate of 3.6 percent. Note that half a yearly impact is included for 1988 <br /> and 1993. The yearly impacts are then added to arrive at the impact over the entire period <br /> of the Contract. We conclude that a projected $19,998,940 increase in income will be <br /> generated in the City from the Contract with the Company over the five year period. The <br /> above total economic impact is the summation of nominal impacts over the years rather <br /> than a projection expressed in real terms. <br /> Table 4. Total Multiplied Economic Impact 7/88 - 6/93 <br /> Local <br /> Consumer Local Estimated <br /> Price Index Inflation Annual <br /> (1982-84 = 100) Rate Impact <br /> 7/88 - 12/88 122.0 4.6 $1,772,004 <br /> 1989 128.3 5.1 3,724,752 <br /> 1990 135.9 5.9 3,944,513 <br /> 1991 141.4 4.1 4,106,238 <br /> 1992 146.4e 3.5 4,249,956 <br /> 1/93 - 6/93 151.7f 3.6 2,201,477 <br /> Total $19.998.940 <br /> e = estimate <br /> f=forecast <br /> Sales Tax Revenue - 1992 <br /> Sales taxes accrue on purchases made in the City. Table 2. shows the expenditures <br /> on supplies and parts, as well as on miscellaneous items, made in the City, and relating to <br /> 10 <br />