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Lesson 2 Fiscal Impact Analysis

TermDefinition
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
Created by: amshinn18