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Table 7. Projected Total Multiplied Economic Impact 7/93 - 6/98 <br /> Local <br /> Consumer Local Projected <br /> Price Index Inflation Annual <br /> (1982-84 = 100) Rate Impact <br /> 7/93 - 12/93 151.7f 3.6 $2,201,477 <br /> 1994 158.8f 4.7 4,609,893 <br /> 1995 167.2f 5.3 4,854,217 <br /> 1996 175.6f 5.0 5,096,928 <br /> 1997 182.1f 3.7 5,285,514 <br /> 1/98 - 6/98 189.2f 3.9 2.745,825 <br /> Total $24391854 <br /> f=forecast <br /> Projected Sales Tax Revenue 7/93 - 6/98 <br /> As indicated in Table 6.,the sales tax revenue which accrued to the City in 1992 due <br /> to the current Contract is estimated to be $18,157. The sales tax revenue of the City is <br /> projected for subsequent years by compounding the 1992 revenue by the forecasted local <br /> inflation rate. It should be noted that half the yearly revenue is included for the years 1993 <br /> and 1998. We conclude, as shown in Table 8.,that a projected $105,924 increase in sales tax <br /> revenue will accrue to the City due to the proposed Contract with the Company over the <br /> next five years. The above total revenue is the summation of nominal revenues over the <br /> years rather than a projection expressed in real terms. <br /> 14 <br />