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Consider Authorizing a Cost of Land Uses Fiscal Impact Analysis.
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Staff:
Department:
Dwight Bassett, Director
Economic Development & Parking Services
Overview: There has been much discussion about the impact of development in our community. We completed a similar study in 2011, and there has been a conversation about updating that work in recent years. This proposal is to initiate a new fiscal impact on land use by development type.
Recommendation(s):
That the Council considers authorizing a Cost of Land Uses Fiscal Impact analysis and enacts the attached budget ordinance appropriating FY 2022 excess fund balance for the study.
Decision Points
* This study would provide an update on the impacts on development types.
* The study could provide insight into budgetary needs as the Town continues to grow
Key Issues:
* A more vital understanding of the fiscal impacts of different land use types.
* A better understanding of development on the Town's budget.
Fiscal Impact/Resources: Adopting the resolution would authorize the town to proceed with the cost of land uses fiscal impact analysis with an estimated cost is $70,000. Staff recommends using FY 2022 excess fund balance for the study.
Where is this item in its process?
Attachments:
* Resolution
* Budget Ordinance
* Draft Staff Presentation
* Tischler Bise Proposal
* Tischler Bise December 2022 CCES presentation
* Orange County Tischler Bise study 2022
A RESOLUTION AUTHORIZING A COST OF LAND USES FISCAL IMPACT ANALYSIS (2023-01-11/R-11)
WHEREAS, Residents have questioned different types of development in our community and the impact on government services; and
WHEREAS, there has been a long-running conversation about how different types of development affects local government budgets through services provided; and
WHEREAS, the Town Council desires to understand these development decisions' effect on Town services; and
WHEREAS, this study can ...
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