FIAM USER GUIDE COVER II - Fiscal Impact Analysis Model - OKI

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Fiscal Impact Analysis Model User Guide Section 4: The Capital Cost Module .......................................................................... 41 Step 1: Access the Module ....................................................................................... 41 Step 2: Questions (Worksheet 1) .............................................................................. 42 Step 3: Capital Cost Categories (Worksheet 2) ........................................................ 43 Step 4: Calculate Capital Cost Estimates (Worksheet 3) .......................................... 44 Using the Capital Cost Module’s Results .................................................................. 47 Appendices and Additional Resources ..................................................................... 49 A. Development Information Workbook B. Land Use Allocation Reference
Fiscal Impact Analysis Model User Guide Sectiion 1: IIntroductiion Background of OKI’s Fiscal Impact Analysis Model The Ohio-Kentucky-Indiana Regional Council of Governments (OKI) has developed a Fiscal Impact Analysis Model (“the Model”) to give decision makers a better understanding of the budgetary implications of land use proposals. The need for a fiscal impact analysis tool was identified as part of OKI’s Strategic Regional Policy Plan, Where Do We Grow From Here? which was adopted in 2005. Uses of the Model The Fiscal Impact Analysis Model is an educational tool. Information generated from the Model helps local governments better understand the revenues and costs associated with new development or redevelopment. The model also enhances a jurisdiction’s ability to provide public facilities and services. The Fiscal Impact Analysis Model estimates the costs and revenues associated with land use change. It can compare alternative development scenarios within a jurisdiction and analyze effects of specific development projects. Model Data and Analysis The Model employs a modified average cost approach. This approach is more robust than a typical average cost approach because it includes statistical analysis that refines the results based on the intensity of the specific land use and its impact on specific types of local revenues and services. The Model uses local, regional and national data sources to estimate revenue and the demand for broad categories of services that are likely to result from a proposed development or redevelopment. The Model bases revenue and expenditure estimates on the statistical relationship between types of land uses and the intensity of their revenue and cost generating factors. Data developed by OKI is used for many of the Model calibrations; however, users must provide detailed local data on land use types, building improvements on the land, acreage, and market value. Financial data such as revenues and expenditures and tax rates are also necessary to produce results. This local data is critical to the Model’s ability to develop the most useful estimates. October 2009 1
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FIAM USER GUIDE COVER II - Fiscal Impact Analysis Model - OKI

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