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

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Fiscal Impact Analysis Model User Guide The Model has been created in both Microsoft Excel and as a web application. The structure of the Model can accommodate a variety of jurisdictional sizes and types including cities, villages, towns, counties and townships in Ohio, Kentucky and Indiana. Caveats To use the Model appropriately, users must understand several key points about the nature of fiscal impact analyses. In order to prevent misinterpretation of the Model’s purpose or its results, the following caveats must be explained. • The results from the Model are an estimate of potential future expenditures and revenues based on certain assumptions and statistical analysis. Actual expenditures and revenues may differ based on the specifics of a proposed development and site characteristics. • Information from the Fiscal Impact Analysis Model should not be the sole source for making land use decisions. Model results provide information on only one aspect (the fiscal aspect) of the land use decision making process. Land use decisions are complex and should involve consideration of multiple factors, including environmental, social, political, economic, and many others, in addition to fiscal. • The exact dollar amounts generated by the model should not be the sole source for local government budgeting purposes. • The Model is not an economic impact analysis model. It does not estimate multiplier effects – the value of the spin-off jobs or businesses that a new development or redevelopment may indirectly create by generating additional demand or opportunities for other area businesses. • Revenues and expenses are estimated based on existing conditions – current taxes and tax rates, current service levels, etc. • The accuracy of the Model’s output is directly dependent on the accuracy of the data that was available to the Model developers and the data input by the user. • The Model evaluates fiscal impacts from a single local government’s point of view. If the user is interested in estimating impacts on both a municipality or township and a county, the analysis must be run separately for each jurisdiction. • If special districts or independent service providers exist (such as schools or fire districts), specific data refinements are necessary to calculate the impact on those districts. If revenues and expenditures for these services are not included in the local government budget, they will not be accounted for in the results. • Enterprise funds, such as water and sanitary sewer services, are not included in the Model analysis. • The Model does not incorporate state or federal impacts directly into the calculations. 2
Fiscal Impact Analysis Model User Guide • The Model does not calculate changes to actual revenues or service costs resulting from Joint Economic Development Districts (JEDDs), Tax Increment Financing (TIF) agreements, property tax abatements, and other site-specific programs or targeted incentives. • The Model is designed to address a range of typical development types. Atypical developments (e.g., regional tourism destinations) may not be adequately captured by the Model. Adjustments have been made to smooth the effect of existing outliers in participating communities using the Model. As such, impacts of land uses that represent additional outliers will not be accurately analyzed. Software and Hardware Requirements The Model will run successfully on any computer with Internet access and using either Internet Explorer 6.0 or higher or Firefox as a web browser. Exporting results requires Microsoft Word 2003 or higher or Microsoft Excel 2003 or higher. The Model is also compatible with the Safari browser, version 3.0.4. Managing Data and Projects The Model will save all projects and the results of the calculations. Users will be able to access their previous projects from a pull-down menu on the home page. Users should click the “Save” button at the bottom of each page to be certain that a project’s information has been saved. The user may also download and save projects to his or her desktop in Microsoft Word or Microsoft Excel format. This downloaded data will not be write protected and data manipulation outside of the website should be closely monitored to ensure accuracy. In the event that OKI finds it necessary to delete older saved projects in the future because of storage limitations, OKI will notify the users and give them ample opportunity to download their information. Interested in Using the Model? The Fiscal Impact Analysis Model is intended for use by communities in the Ohio- Kentucky-Indiana Regional Council of Governments (OKI) region. Use of the Model is currently available to OKI jurisdictions that have engaged in a partnership with OKI and provided their data for the Model. For more information on partnering with OKI to use the Fiscal Impact Analysis Model, contact OKI’s Regional Planning Manager at 513- 621-6300. October 2009 3
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FIAM USER GUIDE COVER II - Fiscal Impact Analysis Model - OKI

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