T.F. Green Airport Improvement Program - FEIS Chapters - PVD

T.F. Green Airport Improvement ProgramEnvironmental Impact Statement and Final Section 4(f) Evaluationfrom construction and projected additional aviation activity are expected to have a series of negative or positiveeffects on the city and state economies. These impacts are measurable in business sales that support jobs andwages (for positive impacts) or diminish jobs and wages (for negative impacts). This methodology estimates thescales of additional economic activities in Warwick and Rhode Island that could take the form of increased ordecreased sales at established businesses, business formation or closings, or a combination of these dynamics.City of Warwick Property Tax Impact Assessment MethodologyThe value of the properties that would be acquired was calculated in order to identify the direct impacts (losses)to City property tax revenue due to residential land acquisitions. The City of Warwick’s 2010 estimated totallocal tax revenue base of $204,173,334 (provided by Rhode Island Municipal Affairs, Department ofAdministration) was developed to compare the tax impacts for Alternatives B2 and B4 to the overall local taxbase. The assessed values (based on the City of Warwick’s 2010 property assessment data) were used. Based onsales data assembled and analyzed under the Completed Part 150 VLAP as well as sales prices from theMultiple Listing Service, assessed values are considered to be equivalent to market values.City of Warwick Fiscal Impacts Assessment MethodologyThe estimated fiscal impacts related to residential acquisitions for Alternatives B2 and B4, in 2015 and 2020combined were analyzed and included effects on the City of Warwick municipal expenditures for recycling andsanitation, composting, police and fire and rescue operations. School fiscal impacts were also analyzed and arepresented separately. The municipal service and school impact costs were based on the estimated number ofresidential acquisitions for Alternatives B2 and B4 in 2015 and 2020. The following inputs were used in order tocalculate the impacts related to municipal services and schools:• Housing units that would be acquired under each Alternative were compared to Baseline Conditionhousing unit estimates (38,892) for the City of Warwick (provided by DemographicsNow);• Municipal and school expenditure and revenue data was based on the 2008 City of Warwick General FundBudget representing the most current data available;• Municipal service costs were calculated for recycling and sanitation, composting, police, and fire and rescueoperations based on the 2008 City of Warwick General Fund Budget, which was the most current dataavailable; and• Municipal and school expenditures were calculated on a net basis (municipal and school revenuessubtracted from municipal and school expenditures).Economic Impacts AssumptionsThe following assumptions were used in the economic impact analyses:• According to Rhode Island Department of Labor and Training, the total number of privatesector establishments and employees in Warwick are 3,315 and 48,478, respectively.• Annual Dollars reported are from 2006 and have not been inflated to 2020 or 2025 values.Chapter 5 - Environmental Consequences 5-80 July 2011\\mawatr\ev\09228.00\reports\FEIS_Final_July_2011\PVD_CH05_Environmental_Cons_JUL_2011.doc