Expert Analysis Backed by Experience
Fiscal Impact Analysis
When you engage Ted
Figura Consulting, you and your staff will
benefit by being able to independently validate the fiscal
impacts claimed by developers and by being better informed
when negotiating development incentives with private sector
partners. You will be able to provide that extra
measure of confidence for your Planning Commission, Board of
Supervisors or City Council. Ted Figura Consulting
offers a variety of fiscal impact analysis services to meet
these needs, including:
- reviewing fiscal impact studies submitted in support of rezonings or as a basis for demonstrating the viability of a Tax Increment Financing (TIF) supported Community Development Authority (CDA) financing proposal;
- constructing a fiscal impact analysis model for use by a locality; and
- performing a fiscal impact analysis to project costs and revenues from a public-private partnership project, including sensitivity testing of development incentives.
Ted Figura Consulting answers the key fiscal impact question: 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 will provide the tools your community
needs to be able to account for the unique factors inherent
in each proposed development. Ted Figura 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 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 is born out of his almost three
decades of service in the public sector and his keen
awareness of the importance of being a good fiscal steward
of the public’s resources.
View Ted
Figura’s expertise in fiscal impact analysis
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