2008-04-15_REVISION - M1980244 (307)

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C Table 11 -Current Employment and Earnings Effects of the 2007 Construction Expenditures of CC&V Expenditures for Construction, Industry # 2122A0 Total Contruction Expenditures = $1,007,888 Amount Spent in • Teller County $503,944 Region $1,007,888 Colorado $1,007,888 Employment Multiplier per $1,000 000 in Expenditures County 15.951 Region 18.766 Colorado 22.948 Total Local Direct and Induced Employment Effect Teller County 8 Region 19 COlorado G3 Earninqs Multiplier oer Dollar Sales to Final Demand County 0.563 Region 0.662 Colorado 0.817 Total Earninqs Effect ($ thousand) Teller County $284 Region $667 Colorado $823 Source: David Bamberger & Associates • Severance Tax Payment Effects Severance taxes are paid to the State of Colorado by CC&V, and 85% of those payments are di- rected to go back to affected communities through a discretionary grant and loan program, while the remaining 15% of those payments are reimbursed to Teller & Fremont Counties and their communities based on the Counties' ratio of mining employees to the statewide total of mining employees. CC&V's payments into the severance tax fund will have totaled about $799,111 in 2007. Since the awarding of grant or loan requests are based on effects upon the communities resulting from the activities of mining and the amount of funds granted or loaned will increase as the size of the fund grows, an indirect correlation can be made between the contributions and the receipts of funds by the county or its entities. While the use of those receipts may vary considerably, the net 21