Base Realignment and Closure transfers Essay Example | Topics and Well Written Essays - 1750 words

Base Realignment and Closure transfers - Essay Example As per taxation department, "other Alabama counties receive $1.8-1.9 million sales and property taxes" (University of Alabama, 2007). The contract expenditure of $1 billion towards BARC 2005 provided "state-wide economic and fiscal impacts of about $2 billion in output, $495 million in earnings, and 10,858 direct and indirect jobs". The regional impacts of BARC 2005 is approximated at "$1.8 billion output, $367 million earnings, and 7,632 jobs". As per estimation, "the average annual income for these jobs is $48,000, but 2,472 of the total jobs impacts are direct jobs that earn $83,000 annually, fiscal impacts are $28.9 million for the state ($19.8 million income, $8.4 million sales, and $0.8 million property), and $10.7-12.6 million for the region comprising $6.2 million sales and $4.5-6.4 million property". The remaining Alabama counties "receive $3.5-4.1 million sales and property taxes, amounting to total annual outcome of $43.2-45.6 million to all jurisdictions" (University of A labama, 2007). It is important to specify that these contracts are not definite, due to the uncertainty of amount associated with projects, "the $1 billion estimate used is based on recent Redstone Arsenal contracts relative to total budget" (Paul, 2007). According to governmental sources, the regional population is expected to soar by 15 percent, "the population will be approximately 652,000 in 2015 and surpass 718,000 by 2030, from the 2000 level, employment is forecast to be 23 percent higher in 2010, 32 percent higher in 2015.