Employee Earnings. The Department Head shall initiate the necessary action in order that payment of any vacation, salary, overtime, or other monies due to the deceased employee can be made. Such payment shall be made in accordance with the Accounting Manual section in effect at the time of the employee's death. Payment shall include the deceased employee's final salary, if any, up to and including the date of death.
Employee Earnings. The new earnings generated by on-site jobs that will occur as a result of building occupation at the Project (described under Impacts of On-Site Employment) would lead to additional annual sales tax revenue for the county. It is assumed that 70% of the earnings would be spent within Nassau County and that 25% of those purchases will be taxable. Table 14 displays the annual tax revenue that the County will receive. Table 14
Employee Earnings. The new earnings generated by on-site jobs that will occur as a result of building occupation at the Project (described under Impacts of On-Site Employment) would lead to additional annual sales tax revenue for the county. It is assumed that 70% of the earnings would be spent within Nassau County and that 25% of those purchases will be taxable. Table 7 displays the annual tax revenue that the County will receive. AMSTERDAM HOUSE CONTINUING CARE RETIREMENT COMMUNITY: ECONOMIC AND FISCAL IMPACT ANALYSIS CAMOIN 310 Table 7 TOTAL ANNUAL SALES TAX REVENUE The total annual sales tax revenue that the County will receive is summarized in Table 8. Table 8 AMSTERDAM HOUSE CONTINUING CARE RETIREMENT COMMUNITY: ECONOMIC AND FISCAL IMPACT ANALYSIS CAMOIN 310 ATTACHMENT A: WHAT IS ECONOMIC IMPACT ANALYSIS? The purpose of conducting an economic impact study is to ascertain the total cumulative changes in employment, earnings and output in a given economy due to some initial “change in final demand”. To understand the meaning of “change in final demand”, consider the installation of a new widget manufacturer in Anytown, USA. The widget manufacturer sells $1 million worth of its widgets per year exclusively to consumers in Canada. Therefore, the annual change in final demand in the United States is $1 million because dollars are flowing in from outside the United States and are therefore “new” dollars in the economy. This change in final demand translates into the first round of buying and selling that occurs in an economy. For example, the widget manufacturer must buy its inputs of production (electricity, steel, etc.), must lease or purchase property and pay its workers. This first round is commonly referred to as the “Direct Effects” of the change in final demand and is the basis of additional rounds of buying and selling described below. To continue this example, the widget manufacturer’s vendors (the supplier of electricity and the supplier of steel) will enjoy additional output (i.e. sales) that will sustain their businesses and cause them to make additional purchases in the economy. The steel producer will need more pig iron and the electric company will purchase additional power from generation entities. In this second round, some of those additional purchases will be made in the US economy and some will “leak out”. What remains will cause a third round (with leakage) and a fourth (and so on) in ever- diminishing rounds of industry-to-industry purchases. Finally, t...
