Idaho
Economic Benefits
State of Idaho
The State of Idaho will see an influx in economic benefits through direct and indirect spending throughout the Snake River Energy Project’s construction and operating lifetime.
Estimated sales tax on specialized equipment imported into the state is $95.7 million for construction and $18.3 million for operations over the project’s 35-year lifespan, for a total of $114 million.
Construction Benefits
Annual construction activity:
- Average annual employment (FTE):
- Direct: 631 jobs
- Indirect: 247 jobs
- Induced: 640 jobs
- Employment income (2.5-year total):
- Direct: $226.5 million
- Indirect: $41.8 million
- Induced: $74.1 million
- Tax revenue (2.5-year total):
- Municipality: $2.2 million
- Special Districts: $2.6 million
- Idaho Counties: $2 million
- State: $38.5 million
- Federal: $91.2 million
Operations Benefits
Annual operations activity:
- Average employment:
-
- Direct: 39 jobs
- Indirect: 31 jobs
- Induced: 37 jobs
- Average employment income:
- Direct: $5.4 million
- Indirect: $1.9 million
- Induced: $1.7 million
- Tax revenue:
- Municipality: $65,000
- Special Districts: $74,000
- Idaho Counties: $58,000
- State: $996,000
- Federal: $2.6 million
Gooding County
Fiscal Benefits
The Snake River Energy Project will generate an estimated $84.9 million in operating property tax during operations.
Tax district type and corresponding revenue:
- Gooding County: $48.4 million
- Ambulance: $5 million
- Cemetery: $2.7 million
- Fire: $3.4 million
- Public Library District: $1.4 million
- Recreation: $5.6 million
- Roads & Bridges: $2.1 million
- Schools: $16.5 million
Additional fiscal benefit: Gooding County’s share of federal land fees: $23.7 million
TOTAL FISCAL BENEFIT
Lincoln County
Fiscal Benefits
The Snake River Energy Project will generate an estimated $25.7 million in operating property tax during operations.
Tax district type and corresponding revenue:
- Lincoln County: $15.0 million
- Ambulance: $1.8 million
- Cemetery: $1.4 million
- Highway District: $5.5 million
- Recreation: $1.8 million
- Schools: $228,000
Additional fiscal benefit: Lincoln County’s share of federal land fees: $7.1 million