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Areas of Practice
Lesson 2 Fiscal Impact Analysis
Term | Definition |
---|---|
Fiscal Impact Analysis | Used to estimate the cots and revenues of a proposed development on a local government |
Several methods for conducting a Fiscal Impact Analysis | Average per Capita Adjusted per Capita Disaggregated per Capita Dynamic |
Average per Capita Method | Divides the total local budget by the existing population in a city to determine the average per-capita cost for jurisdiction |
Adjusted per Capita Method | Divides total local budget by existing population and adjusts this based on expectations about the new development Relies on subjective judgement |
Disaggregated per Capita Method | Method estimates the costs and revenues based on major land uses |
Dynamic Method | Method applies statistical analysis to time-series data from a jurisdiction Method requires more data and more time to conduct |