364 



Alaska Pulp Corporation 



Socioeconomic Impacts on Sitka 

 Summary Table 



1. Based on share of total Sitka area employment. 



2. Assumes that 285% of all Sitka gross sales are due to APC employees, their families, related support sector 

 employees, who together account for 24.1% of the population and 285% of total Sitka payroll. 



3. Property tax losses based on estimated decline as a result APC shut-down in each of four real property 

 categories. See real estate value detail at bottom of this table. Residential real estate assumed to decline 40% 

 based on similar case during ]uneau recession, commercial values reduced 29% in direct proportion to lost sales 

 revenue and industrial property values assumed value of pulp mill at zero, down from assessed value of $59 

 million. 



4. Assumes that 285% of all City and Borough sales tetx revenues are due to APC employees, their families, along 

 with related support sector workers and their families. This group accounts for 285% of all Sitka payroll. 



5. School funding is in direct proportion to population, as is municipal assistance. Approximately half of state 

 revenue shcuing is directly prof>ortional to jTopulation. 



