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Fiscal impact report summary:
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Sources of revenue identified:
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2026
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Use tax on construction purchases $ 379,500 This use tax is only during the construction in 2025 and 2026 - construction is expected to start August 2025 and be completed in 2026. There report for this says 2027 but that is inconsistant with annual sales revenue (you can't have a full year of slae in 2027 if the store is still under construction. So I moved this to 2025 and 2026. The calcualtion is $63,300,000 time 30% related to materials and then times 2% use tax. Page 17 Fiscal Impact Report
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2027Notes/Calculations
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Sales Tax $ 955,087 31,800,000 estimate sales in 2027 * 3% Palmer Lake Sale Tax, page 16 Fiscal Impact Report
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Property Tax $ 229,467 Took this number directly from page 18 Fiscal Impact Report. Calculations are reseasonable
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Total Reveue $ 1,184,554
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Less: Increased Expenditures:
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Ongoing annual costs:AdministrativeNot Quantified
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Police Department $ (170,180)2 new police officers - salaries and benefits page 22 of Fiscal Impact Report
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Fire Department $ (559,440)6 new staff - firemen/EMT, Page 23 Fiscal Impact Report
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Public Works - Roads $ (102,200)Additional maintenance employee, plow truck maintenance - page 24, Fiscal Impact Report
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InflationNo inflation included
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 Total icreases for ongoing expenditures $ (831,820) Their report quantifies the total increse in expenditures as $1 Million ( I can't find the other $134,000 of expenses) Page
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Additional Economic Development incentive $ (350,191) Average 1.1% of sales back to Buc-ee's. This is common practice. Item 8 Page 3 Fiscal Impact Report.
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Net Income (Loss) before one-time capital outlays
$ 2,543
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One-time costs in 2027 - paid for by Palmer Lake
Police Department $ (75,000)one new police vehicle and officer equipment and training, Page 22 Fiscal Impact Report
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Fire Department $ (406,000)Fire truck and four vehicle fire blankets, Page 23 Fiscal Impact Report
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Public Works - Roads $ (200,000)Large plow truck/sander Page 24
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Public Works - Roads $ (400,000)Road repair - County Line - page 24 - 25
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Water Upgrades $ (4,771,400)Water facility upgrades - page 27
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Total One-time Costs 2027 $ (5,852,400)
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Net Income (Loss) including one-time capital outlays
$ (5,849,857)
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Other things that don't make sense:
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Report is showing 5.9 in capital outlays for 2027 but all of these items will need to be completed before the store can open.
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Administrative costs for managing the Buc-ee's going forward are not included.
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No inflation (to get from 2025 #'s to 2027 #'s ) was calculated on the ongoing annual costs for Police, Fire Department and Public Works
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On table 27 on the last page, no one time capital outlays are considered (other than related to buc-ee's improvements in 2027) for the rest of PL budget.
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Also, table 27 is not accurate. By incorporating the Buc-ee's effect back into the total budget, it is making it look like that Bucc-ee's has a much higher positive effect on the PL budget. See attached table where we analyzed the Buc-ee's only numbers.
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Other things unaccounted for in yearly expenses…. Beacon Lite Road (1/2 mile two lanes) and county line (2 lanes, 2 miles) - could be anywhere from 50.000 to 150,000 annual, ongoing maintenance of new fire and police vehicles, oil changes, gas, maintenance and repair
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Inconsistancies - use tax says 2026 and 2027 for construction costs but property tax section says construction finished in 2026. You can't have a full year of sales tax and also 1/2 a year of use tax on construction, you are either fully open or your not.
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Item #4 page 3 shows a $1 Million increase but I don't find specific $ to support this.
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They did not account for an increase in insurance for the plow and added emergency vehicles.
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