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AICP
Fiscal, Finance, & Budgeting
| Title | description |
|---|---|
| Special Tax/Revenue Bonds | Repaid from earmarked taxes or user charges |
| Private Activity Bonds | Repaid with receipts from private firm |
| Performance Bonds | Required by City & County gov conver offsite public improvement obligations associated with commerecial & residential developments. |
| Impact fees & tax increment financing | Used to pay for capital projects |
| Revenue bonds | usually pays for parking garages, swater and sewer systems, landfills etc. |
| Capital Improvement Progamming | one way to implement comprehensive plan |
| Capital Improvement Program (CIP) | prepared by planning director or planning commission, use collaboration-consensus building. |
| Community Development Block Grants | Administered by HUD on formula basis for entitlement communities and by State Dept of Hsg & Community Development (HCD) for non-entitlement jurisdictions. Came about after Housing & Community Development Act of 1974. |
| Community Development Block Grants | Eliminates blight, slums, health & safety issues,provide decent home to evey family, rational use of land, reduce isolation of income groups, economic opportunity for low and moderate income, Cities with 50,000 pn+, low & moderate pn, prepare a HAP |
| Growth Management goal 1 | protect lands that provide public & quasi public goods |
| Special Assessment Districts | Area subject to special prop tax assessment for financing special improvements in district. |
| General Obligation Bonds | Repaid from general taxes |
| Growth Management goal 2 | Accommodate Development needs |
| Urban growth boundaries (UGB) | Identifies when/where land available for development 20-25 yrs growth in employment & population. |
| Urban Service Areas (USA) | Geographic areas targeted for new or improved infrastructure or for public fac. & urban services next 5-10 yrs. |
| Intermediate Growth Boundaries (IGB) | Formed within Urban growth boundaries (UGB) where development channeled over time. |
| Urban Reserve Boundaries | define land outside UGB which free for development should UGB expand. |
| Growth Management goal 3 | Provide adequate public facilities and services at minimum cost & distribute costs equitably. |
| Growth Management goal 4 | Distribute the burdens of and benefits of growth fairly- communities share plan, finance & manage; use regional approach; housing; share wealth, lulus. |
| Growth Management goal 5 | Prevent or mitigate negative and foster positive externalities- separation of incompatible land uses; containment of urban dev; use zoning & buffers. |
| Growth Management goal 6 | Provide admin efficiency-streamlined permitting procedures; streamlined judicial review. |
| Cost-Effectiveness Analysis | Used to compare & advocate policies by quantifying total costs & effects. Costs measured iin monetary terms; effects measured in units of any type. |
| Cost-Revenue Analysis | systematic comparison of two money flows. |
| Fiscal Impact Analysis | Detemines whether project generates sufficient revenues to offset cost of public services. similar to cost-revenue but CR broader application-impacts on public service. FI-fiscal implications of cost of public services & infrastructure. |
| Municipal Financing Methods | lease purchase; special assessments; special districts; state & federal grants; tax increment financing. |
| Economic Development dimensions | Employment, development base, location assets, knowledge resources. |
| local economic development stratgegy | locality development, business development, HR devlopment, community development |
| Exaction | contribution or payment required as authorized precondition for receiving a development permit-mandatory dedication or fee-in-lieu of dedication reqmts. |
| Windfall tax | tax on a financial benefit conferred on a property owner as a result of a publlic action. Recapture windfall profits by the public. |
| Revenue forecasting | Requires understanding of past, an object view of future & intuitive feel of future. |
| Budget | Allocating & spending tax $ to provide services to the public that woulod otherwise have to be provided by themselves. Series of goals with price and priorities. |
| Operating Budget | Everyday expenditures for salaries, supplies, and maintenance. |
| Planning programming budget system (PPBS) | Technique that organizes budget so it relates to a goal or activity. |
| Zero Base Budgeting | Budget starts from scratch every year. |
| Taxes | Generate revenues to finance govt goods & services, redistribute income, reduce income and spending when overall demand is excessive. |
| Criteria when imposing tax | Fairness, certainty, convenience, efficiency, productivity, neutrality. |
| Progressive tax | Tax rate increases as income rises. |
| Proportional tax | Tax rate is constant as income rises. |
| Regressive tax | Tax rate declines as income rises. |
| Current Revenue | Current funds for capital improvements |
| Reserve funds | Accumulation of funds for future capital improvements |
| General Obligation Funds | Votger approval to sell bonds for capital improvements |
| Revenue Bonds | Sell bonds at high interest rates for capital improvements |
| Lease Purchase | Private developer pays for capital improvement and municipality "rents-to-own" |
| Special Assessments | (blank) |
| State and Federal Grants in aid | (blank) |
| Tax incremental financing | (blank) |
Created by:
Sandy1101