Increasing Government Revenues

Through its local spending, as well as its direct and indirect support of jobs, the presence of UAB stabilizes and strengthens the local and statewide tax base. State and local government revenues attributable to the presence of UAB totaled $302.2 million in FY 2008-09 ($59.9 million direct and $242.3 million indirect) — $1 in every $25 in the state’s budget.

Using the mid-range scenario, it is projected that government revenues attributable to an expanded UAB will total nearly $431.4 million (direct and indirect) by FY 2019-20.


State and Local Government Revenue Impact of UAB

 

State Government Revenue Impact (Direct) Local Government Revenue Impact (Direct) Indirect Government Revenue Impact Total Government Revenue Impact (Direct and Indirect)

UAB Current (FY 09)

$43.0 million $16.9 million $242.3 million $302.2 million

UAB Projected (FY 20)
Conservative Scenario

$55.9 million $22.0 million $316.4 million $394.3 million

UAB Projected (FY 20)
Mid-Range Scenario

$61.1 million $24.0 million $346.3 million $431.4 million

UAB Projected (FY 20)
Aggressive Scenario

$65.8 million $26.0 million $373.5 million $465.3 million