Forecasting Falmouth's Wind Budget: Now & Then

FY 2015 BUDGET MESSAGE - From Town Manager Suso

http://www.falmouthmass.us/selectmen/fy2015%20budget%20message%20to%20bos%2012-23-13.pdf

SPECIAL TOWN MEETING June 29, 2009 - From Asst. Town Manager Harper 

http://www.falmouthmass.us/clerk/STM0709.pdf

WIND BUDGET BULLETS

Now...  

- FY2015 budget includes a total of $176,859 in wind turbine expenses necessarily supported by General Fund Revenue.  

- wind energy receipts will no longer support operating expenses of the wind turbines.

- The (Barnstable Superior) Court Order is anticipated to decrease wind turbine annual operating revenues to the taxpayer by $250,000 - $280,000.  

- Operating the two Town wind turbines will require ever-increasing subsidies from the General Fund.  

& ...Then

- As planned, the project is economically viable and is projected to generate between 100 and 300,000 dollars a year.  That’s after all costs, including debt.  It’s a good project. 

- The Falmouth Wind Turbine Two, the economics are comparable to the first. 

- At the end of the 20 year useful life, the estimated net present value of the facility is $2.5 million, based on the numbers that we’re using, which we think are conservative. 

FYI

The Town's projected wind turbine program 20 year DEFICIT =

$ 6,296,673.00

* Wind Turbine Alternatives Report #3 page 3 - column 1

http://www.falmouthmass.us/selectmen/wind%20turbine%20alternatives%20report%20no%203.pdf