Tag Archives: Eric K. Busch

From: Willmore Doug
Sent: Monday, November 07, 2011 10:27 AM
To: L Segundo/cn=Recipients/cn=cityhall/cn=Contacts/cn=EricBusch; ekbusch@aol.com
Subject: RE: Pre-Agenda Packet for the November 15, 2011 CC Meeting

I have a more detailed analysis that we’re putting together on the Chevron taxes that doesn’t just look at Richmond, but also looks at other refineries in this South Bay (Torrance, Carson, Long Beach), and then also compares the ES refinery to other ES properties and tax generated. One quick snapshot to look at is Chevron has 40% of our property and generates 10% of the revenue in our General Fund. That, of course, doesn’t even factor in the negative impact that the refinery has on the city.

You will get a very detailed comparison of this refinery with Richmond and with the other refiners in SoCal. From what I know right now, I will tell you that I would estimate that Chevron should be at around $30M/year to be comparable to other cities and to compare to our other land uses. Right now, ES is subsidizing them a great deal compared to other cleaner business uses we have in our city. … Continue reading →