City of Lawrence: GASB STANDARDS
Lawrence Ahead of Curve With GASB Standards
| 2017 Q2 | story by Britt Crum-Cano, Economic Development Coordinator, City of Lawrence

Lawrence is way ahead of the curve, having published a comprehensive economic development report that surpasses the GASB requirements since 2011.
The 2016 Annual Report: Economic Development Support and Compliance, reviews the annual performance of economic development programs, participating projects and the public funds distributed for them during the year. In addition to city contributions, a summary of county-only economic development programs is also included.

• 72% more real property capital investment than projected ($6 million projected, $10.3 million delivered)
• 3% more personal property investment than projected ($9.4 million projected, $9.7 million delivered)
• 162% more full-time jobs than projected (142 projected, 372 created)
• 24% higher wages than projected ($32,094 projected, $39,802 paid)
• average wages $8,480 higher than the private community wage
• average wages $13,594 higher than the community wage floor
In addition, these property tax-abatement projects paid $194,837 in property taxes out of a total $341,955 due in 2016 ($147,117 abated).
Of the city’s seven authorized Neighborhood Revitalization Areas (NRA), five were eligible for rebates, with rebates totaling $110,300 for 2016. After rebates, taxing jurisdictions realized an average of 18.6% more real property tax revenues in 2016 compared to if these five properties had been left in original condition.
Nine companies had Industrial Revenue Bonds (IRB) in 2016, the majority of which were not affiliated with a property tax abatement but, rather, were utilized to obtain a sales tax exemption on project construction materials.
The city continues to support three Tax Increment Financing (TIF) districts and three Transportation Development Districts (TDD).
• Downtown 2000 TIF—funds 10th and New Hampshire city-owned parking garage
• Oread TIF and TDD—partial reimbursement for public and transportation improvements related to The Oread Hotel project
• Ninth and New Hampshire TIF & TDD—partial reimbursement for public and transportation improvements in South Project area (Hotel) and North Project area (mixed-use)
• Free-State (Bauer Farm) TDD—partial reimbursement for transportation improvements in Free-State development area
TIF distributions were approximately $788,600, and TDD distributions were approximately $278,700 in 2016. (Not all amounts distributed for The Oread project were reimbursed in 2015 and 2016 because of a contractual dispute.)

In addition to the PAYGO programs, the report also reviews direct public support provided for economic development services and projects, including grants, loans, capital investment, operations funding, relocation assistance, affordable housing, infrastructure assistance, technical education and workforce training.
New this year, the report presents a brief overview of the economic climate for the community, profiling jobs, wages and the balance between commercial and noncommercial community assets.
The City Commission received the report at its meeting on April 4, 2017, and referred it to the Public Incentives Review Committee (PIRC) for review and recommendation at its April 17, 2017, meeting. It then received the report and PIRC recommendation at its May 2, 2017, meeting and voted to accept it.
For more information, please contact Britt Crum-Cano, economic development coordinator, at 785-832-3472 or bcano@lawrenceks.org.
41 Comments
Hello there! This blog post could not be written any better! Looking at this article reminds me of my previous roommate! He continually kept preaching about this. I most certainly will send this article to him. Pretty sure he’s going to have a good read. Thanks for sharing!
猫の手も借りたい
鳴かぬなら鳴くまで待とうホトトギス
馬耳東風
能ある鷹は爪を隠す
tyboi.vin chơi mượt trên cả điện thoại lẫn máy tính
saoclub.now giao diện đẹp mắt cực cuốn
saoclub.now bảo mật an toàn tuyệt đối
phonesex
honkey
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You definitely know what youre talking about, why waste your intelligence on just posting videos to your blog when you could be giving us something enlightening to read?
phuck
shitbag
Please let me know if you’re looking for a writer for your weblog. You have some really good posts and I think I would be a good asset. If you ever want to take some of the load off, I’d love to write some material for your blog in exchange for a link back to mine. Please send me an email if interested. Cheers!
This really answered my problem, thank you!
Trang web dazzle.uk.com không cung cấp thông tin về tỷ lệ cược rõ ràng
Không có các tùy chọn tùy chỉnh giao diện trên dazzle.uk.com
I have read several good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to make such a excellent informative site.
candy ai review 2025
candy ai
AI girlfriend
candy ai free premium
Thanks a lot for your post. I’d prefer to say that the expense of car insurance will vary from one coverage to another, due to the fact there are so many different facets which contribute to the overall cost. Such as, the model and make of the auto will have a significant bearing on the purchase price. A reliable ancient family car will have an inexpensive premium compared to a flashy sports car.
It’s a pity you don’t have a donate button! I’d most certainly donate to this brilliant blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this blog with my Facebook group. Talk soon!
I have not checked in here for a while since I thought it was getting boring, but the last several posts are good quality so I guess I?ll add you back to my everyday bloglist. You deserve it my friend 🙂
I blog frequently and I truly thank you for your content. The article has really peaked my interest. I will bookmark your website and keep checking for new information about once a week. I opted in for your RSS feed as well.
I blog frequently and I seriously appreciate your content. Your article has truly peaked my interest. I’m going to book mark your blog and keep checking for new details about once a week. I opted in for your RSS feed too.
I could not resist commenting. Perfectly written.
Fantastic blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally confused .. Any suggestions? Appreciate it!
I like reading an article that will make men and women think. Also, thanks for allowing for me to comment.
I want to to thank you for this very good read!! I certainly loved every bit of it. I have you bookmarked to look at new things you post…
This site truly has all of the info I needed about this subject and didn’t know who to ask.
I blog frequently and I seriously appreciate your content. The article has really peaked my interest. I am going to bookmark your blog and keep checking for new information about once per week. I subscribed to your RSS feed as well.
Thanks for your posting. Another point is that being photographer entails not only problem in recording award-winning photographs but hardships in getting the best digital camera suited to your needs and most especially hardships in maintaining the grade of your camera. This is certainly very true and evident for those professional photographers that are straight into capturing the nature’s interesting scenes – the mountains, the actual forests, the actual wild or even the seas. Visiting these amazing places definitely requires a dslr camera that can surpass the wild’s severe surroundings.
I’ve learned some important things via your post. I’d personally also like to convey that there is a situation that you will make application for a loan and do not need a cosigner such as a Federal government Student Aid Loan. But when you are getting that loan through a common loan company then you need to be able to have a cosigner ready to make it easier for you. The lenders will certainly base their decision on the few components but the main one will be your credit history. There are some lenders that will furthermore look at your work history and decide based on that but in most cases it will depend on your ranking.
Out of my observation, shopping for consumer electronics online can for sure be expensive, but there are some tips that you can use to help you get the best bargains. There are often ways to locate discount bargains that could help make one to possess the best gadgets products at the lowest prices. Great blog post.
Excellent web site you have got here.. It’s difficult to find high-quality writing like yours nowadays. I truly appreciate people like you! Take care!!
Great info. Lucky me I found your blog by chance (stumbleupon). I’ve book-marked it for later.
8xbethost.com có cộng đồng người chơi đông đảo và tích cực
Thanks for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such great information being shared freely out there.
Great site you’ve got here.. It’s difficult to find good quality writing like yours nowadays. I honestly appreciate people like you! Take care!!