Posted in Politics

New Mobile, Ala steel plant may increase revenue $3.7 million

   August 14, 2007

Mobile Press Register reports:

Southwest Alabama cities and counties can expect about $3.7 million a year in extra tax revenue from the ThyssenKrupp steel mill in northern Mobile County, according to a new study.

Those figures include an estimated $1.5 million a year boost to Mobile County and a $1.35 million a year windfall for the city of Mobile, according to the study by University of South Alabama economics professor Semoon Chang.

City and county governments in Baldwin, Clarke, Escambia and Washington counties will receive about $850,000 combined in extra tax revenue, according to the study.

Read TK may increase revenue $3.7 million

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