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ISU ECONOMIC IMPACT

in taxes from ISU faculty and staff, with $1.8 million being withheld for personal income taxes. Based on consumption patterns and wages, an estimated $581,440 in sales tax is paid by ISU faculty and staff in the course of a typical year of consumer purchases. The State of Idaho also receives nearly $200,000 per year in gasoline taxes and $129,000 in Alcohol, Tobacco and Vehicle taxes from ISU households. Property taxes and fees for sewer and trash pickup account for most of the $1.1 million in local taxes paid by ISU faculty and staff. Property taxes comprise $840,000 of that total, with county, city and school district taxing authorities each receiving approximately one-third of the property tax total. Not all of the economic impact generated by the circulation of faculty and staff wages would be lost to the region if the University were not here. Some unknown but significant portion of ISU employees would likely secure employment in other sections of the regional economy. An estimate of the proportion of faculty and staff wages that would be "lost" to the area in the absence of the University is calculated in the Impact Assessments section of this report.While the present section of this report recognizes the logic of discounting the expenditures made by faculty and staff households who would likely remain in the area in the absence of the University, the total and more comprehensive impact figure is used here.Student ExpendituresHighlights ISU student households spent an estimated $156 million in Bannock County during the 1995-96 academic year.ApproachStudent expenditures were derived from the results of a questionnaire survey that was distributed to randomly selected ISU students during the 1996-97 fall semester; 611 questionnaires were completed and returned. For purposes of this analysis, the responses were divided into three groups of interest: dormitory residents studen...

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