Expert Analysis Backed by Experience
Fiscal Impact
Analysis
If you need a fiscal impact study to support a
rezoning application, you’ve come to the right place. Localities in many
states, including Virginia,
justifiably wish to know the impact of a rezoning decision
on the locality’s future fiscal health. Will the proposed
development require the locality to devote more resources to
providing services for the development or will it generate
excess revenue?
Conventional wisdom states that residential
development does not pay for itself and that providing
services to a locality’s residents requires revenues from
industrial and commercial development or from higher taxes
on households. The
conventional wisdom is not always correct. The ability of
residential development to pay for itself is affected by
household income levels and demographic makeup.
Ted
Figura
Consulting
takes a careful variable cost/variable revenue approach to
fiscal impact analysis which counts only those costs and
revenues actually attributable to the proposed development. Ted Figura
Consulting also takes pains against double-counting of
revenues from households and commercial establishments or
overestimation by assuming that retail sales from a proposed
development result in 100% corresponding increase in tax
revenue for a locality.
Ted
Figura’s
realistic and conservative methodology and his public sector
background promote credibility among public sector
officials, which is a valuable commodity for a rezoning
applicant.
Ted Figura
Consulting may not always be your cheapest alternative but
we will always be your best choice.
View Ted Figura’s expertise in fiscal impact analysis
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