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nn?l73 U.S. Forest Service payments to Mineral County. Property taxes from increased land and improvement assessed values on the Wolf Creek Valley PUDM. Sales taxes from permanent residents who live at Wolf Creek Valley and from the tourists who visit there. CUrrent revenues fran other sources such as licenses, fines and charges for services would also increaEe, but will be of lesser magnitude than the three principal sources cited above. The developl1ent of Wolf Creek Valley would also lead to a substantial increase in the county's revenue potential from general obligation bonded indebtedness. General obligation bonding capacity is a function of local assessed value and the additional assessed valuation from the project would more than double bonding capacity by 1995, quadruple it by 2005 and increase it by six-fold by 2020. Whether this potential is converted to actual revenues depends upon a determination of need and awroval by the County Coomissioners and Mineral County electorate. The largest source of income in Nineral County is the property tax which totaled $233,800 in 1982, about one-third of total county revenues of $689,000. Based on the expected housing developl1ent program property taxes from Wolf Creek Valley alone will generate property taxes in excess of these figures by 1995 under either alternative. ASsessed values and estimated property tax revenues (assuming current mill levies) for Mineral County for Alternatives Two and Three are shown in Table IV-29 below. General fund tax revenues from property taxes would total $376,234 by 1995 construction year (collected in 1997), $688,162 by 2005 and $1,043,977 by 2020. Projected annual school district revenues from Wolf Creek Valley for imprO'Jements completed through 1995 (collected in 1997) are $702,000 for operations, $95,673 for capital reserve and $95,573 for bond redemption. By 2020, annual operational funds are estimated to reach $1,947,915 and $265,474 each for capital reserve and bond redemption respectively. Sales tax would accrue to Nineral County from two sources - tourist visitors and permanent residents. Tourist expenditures are calculated on a per tourist day basis. Expenditures per skier day are based on the state-wide expenditures per skier day in The Contribution of Skiing to the Colorado Economy. 1984 U~te, (BBC,1984). Different 229