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2017-03-28_PWETCPacket
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2017-03-28_PWETCPacket
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3/29/2017 9:25:15 AM
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3/29/2017 9:17:30 AM
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Commission/Committee
Commission/Authority Name
Public Works Commission
Commission/Committee - Document Type
Agenda/Packet
Commission/Committee - Meeting Date
3/28/2017
Commission/Committee - Meeting Type
Regular
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REVENUE <br />Since 2006, the City of Roseville has received more than $870,000 in revenue from the sale <br />of its recyclables. The materials that Roseville residents set out are valuable. They required <br />tons of natural resources, a great deal of energy, and hours of labor to produce. Much of <br />that value still remains in the items after they are used. Recycling this material captures <br />that value and reinvests it into the next generation of products reducing costs and creating <br />significant environmental benefit. The market for recycled material generates billions of <br />dollars each year in the United States alone. This material is highly sought after by <br />manufacturers who want to make new products out of it. <br />In 2016 Roseville received $17,911.99 in revenue from the sale of recyclable materials. <br />Commodity prices remained low in the first quarter of 2016 leading to the city receiving no <br />revenue from the sale of product to markets. This turned around in the second quarter of <br />the year with moderate improvements in prices being paid by markets. By the end of the <br />year Roseville had received just over $17,911. While this may be a far cry from the <br />revenues the city saw a few years ago it is revenue that the city can use to make <br />improvements to the city's waste reduction programs or to keep the cost of recycling low <br />for the residents. <br />$50,000.00 <br />�Mel <br />($50,000.00) <br />Total Annual Revenue Share Received <br />Global, Regional, and Local Market Conditions Affecting Prices <br />Recycled materials are commodities just like other products such as, corn, cotton, and oil. <br />In our modern, global economy things that happen near and far can impact the prices paid <br />6 <br />
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