1 fiscal impact analysis. 2 fiscal impact analysis is the process of determining whether changes to...
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Fiscal Impact Fiscal Impact AnalysisAnalysis
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Fiscal impact analysis is the Fiscal impact analysis is the processprocess of of determining whether changes to your determining whether changes to your comprehensive plan are financially feasible.comprehensive plan are financially feasible.
What is What is Fiscal Impact Analysis?Fiscal Impact Analysis?
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There are Two Kinds of There are Two Kinds of Financial FeasibilityFinancial Feasibility
Section 163.3177(3)(b)1 - The capital improvements Section 163.3177(3)(b)1 - The capital improvements element shall be reviewed on an annual basis and element shall be reviewed on an annual basis and modified as necessary in accordance with s. modified as necessary in accordance with s. 163.3187 or s. 163.3189 in order to maintain a 163.3187 or s. 163.3189 in order to maintain a financially feasible 5-year schedule of capital financially feasible 5-year schedule of capital improvements.improvements.
Section 163.3177(2) - Coordination of the several Section 163.3177(2) - Coordination of the several elements of the local comprehensive plan shall be a elements of the local comprehensive plan shall be a major objective of the planning process. The several major objective of the planning process. The several elements of the comprehensive plan shall be elements of the comprehensive plan shall be consistent, and consistent, and the comprehensive plan shall be the comprehensive plan shall be financially feasible.financially feasible. Financial feasibility shall be Financial feasibility shall be determined using professionally accepted determined using professionally accepted methodologies. methodologies.
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Short-Term vs. Long-TermShort-Term vs. Long-Term
Source: TBRPCSource: TBRPC
FutureLand Use
Plan
FiscalImpact
Analysis
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What revenues are you collecting? What does it cost to provide services? Do you have enough revenue to pay for services?
CIE CIE Financial FeasibilityFinancial Feasibility
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What is your current land use pattern? What revenues are you collecting? What does it cost to provide services? Do you have enough revenue to pay for
services?
Will you have enough revenue to pay for services in the future?
How will that change the cost of services you provide?
How do you expect the land use pattern to change over time?
How will that change the revenues you collect?
Future Land Use Plan Future Land Use Plan Financial FeasibilityFinancial Feasibility
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What Factors ShouldWhat Factors ShouldBe Considered?Be Considered?
Who Who will be coming to your community?will be coming to your community? ResidentsResidents EmployeesEmployees
What What kinds of development willkinds of development will attract them?attract them? ResidentialResidential CommercialCommercial
Where Where will they be located?will they be located? Urban CenterUrban Center Suburban AreasSuburban Areas
TouristsTourists CustomersCustomers
IndustrialIndustrial Densities/IntensitiesDensities/Intensities
Rural AreasRural Areas CRAsCRAs
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What What kinds of service needs will your community have?kinds of service needs will your community have? Sanitary sewerSanitary sewer Solid wasteSolid waste DrainageDrainage Potable waterPotable water
WhatWhat will be the costs of providing these services? will be the costs of providing these services? Capital costsCapital costs Operating costsOperating costs
What What revenues does your community collect?revenues does your community collect? Property taxesProperty taxes Impact feesImpact fees
Parks and recreationParks and recreation SchoolsSchools Transportation facilitiesTransportation facilities Public safety, libraries, otherPublic safety, libraries, other
Contract feesContract fees Debt serviceDebt service
Utility feesUtility fees State & federal grantsState & federal grants
What Factors ShouldWhat Factors ShouldBe Considered?Be Considered?
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Any FLUM amendments that occur after December Any FLUM amendments that occur after December 1, 2007 must be accompanied by a demonstration 1, 2007 must be accompanied by a demonstration that your Future Land Use Plan is financially feasible.that your Future Land Use Plan is financially feasible.
You must also demonstrate financial feasibility with You must also demonstrate financial feasibility with your EAR-based amendments, and any subsequent your EAR-based amendments, and any subsequent FLUM amendments thereafter.FLUM amendments thereafter.
DCA may develop a standard for FLUM amendments DCA may develop a standard for FLUM amendments that are too minor to require a financial feasibility that are too minor to require a financial feasibility demonstration, but has not done so yet.demonstration, but has not done so yet.
When Does YourWhen Does YourFuture Land Use Plan Future Land Use Plan Have to be Financially Have to be Financially
Feasible?Feasible?
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FIAM - The “Official” WayFIAM - The “Official” Way The Department of Community Affairs (DCA) has created The Department of Community Affairs (DCA) has created
a program called the Fiscal Impact Analysis Model (a program called the Fiscal Impact Analysis Model (FIAMFIAM) ) to help local governments assess the financial feasibility to help local governments assess the financial feasibility of their comprehensive plans. While not mandatory, it is of their comprehensive plans. While not mandatory, it is the methodology preferred by DCA.the methodology preferred by DCA.
FIAM is a lengthy, complex spreadsheet that runs in FIAM is a lengthy, complex spreadsheet that runs in Microsoft Excel. It requires each community to input a Microsoft Excel. It requires each community to input a large quantity of detailed budget, land use, population, large quantity of detailed budget, land use, population, employment, public service, and other data.employment, public service, and other data.
The community can use FIAM to test different The community can use FIAM to test different development scenarios by altering its projected mix of development scenarios by altering its projected mix of future land use categories, taxes, fees, and level-of-future land use categories, taxes, fees, and level-of-service standards for public services within a timeframe of service standards for public services within a timeframe of its choice.its choice.
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Where to Get Help with Where to Get Help with FIAMFIAM
DCA has designated the DCA has designated the regional planning councils as regional planning councils as the training and technical the training and technical support base for FIAM.support base for FIAM.
Initial training classes are over, Initial training classes are over, but there is an ongoing FIAM but there is an ongoing FIAM Users Group.Users Group.
Patrick O’Neil, Sr. Econ. Planner Patrick O’Neil, Sr. Econ. Planner 727-570-5151 ext. 31 727-570-5151 ext. 31 [email protected]@tbrpc.org
Avera Wynne, Planning DirectorAvera Wynne, Planning Director727-570-5151 ext. 30727-570-5151 ext. [email protected]@tbrpc.org
The Tampa Bay Regional Planning Council:The Tampa Bay Regional Planning Council:
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Where to Get Help with Where to Get Help with FIAMFIAM
The Tampa Bay Regional Planning Council: The Tampa Bay Regional Planning Council: http://www.tbrpc.org/FIAM/Default.htmhttp://www.tbrpc.org/FIAM/Default.htm
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Where to Get Help with Where to Get Help with FIAMFIAM
The FIAM Web Forum: The FIAM Web Forum: http://www.myfiam.comhttp://www.myfiam.com
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Where to Get Help with Where to Get Help with FIAMFIAM
The Department of Community Affairs: The Department of Community Affairs: http://www.dca.state.fl.us/fdcp/dcp/FIAM/indehttp://www.dca.state.fl.us/fdcp/dcp/FIAM/index.cfmx.cfm
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Alternatives to FIAMAlternatives to FIAM FIAM is a professionally-accepted methodology FIAM is a professionally-accepted methodology
developed and supported by DCA, but there are developed and supported by DCA, but there are other other methodologiesmethodologies that that could be utilized. could be utilized.
DCA recognizes that what might be professionally DCA recognizes that what might be professionally accepted and appropriate for a accepted and appropriate for a large urban arealarge urban area with a with a complicated capital budget might be quite different than complicated capital budget might be quite different than a professionally acceptable approach for a a professionally acceptable approach for a small local small local governmentgovernment..
If your local government decides not to utilize FIAM, If your local government decides not to utilize FIAM, please please contact DCAcontact DCA as soon as possible to discuss as soon as possible to discuss alternate approaches that could meet the alternate approaches that could meet the “professionally accepted” requirement. (Mike O'Connell, “professionally accepted” requirement. (Mike O'Connell, 850-921-3775 or 850-921-3775 or [email protected]@dca.state.fl.us))
Source: TBRPCSource: TBRPC
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Alternatives to FIAMAlternatives to FIAM
The Hillsborough City-County Planning The Hillsborough City-County Planning Commission has created its own model, the Commission has created its own model, the Fiscal Impact Estimates of Land Decisions Fiscal Impact Estimates of Land Decisions (FIELD).(FIELD).
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Alternatives to FIAMAlternatives to FIAMCommunity Guide to Development Impact Analysis
by Mary Edwards
Source: DCA Web SiteSource: DCA Web Site
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2020
What Help Can the PPC What Help Can the PPC Provide?Provide?
The PPC is currently assessing The PPC is currently assessing possible approaches for possible approaches for assisting local governmentsassisting local governments with meeting their financial with meeting their financial feasibility requirements.feasibility requirements.
Our efforts will be concentrated on assisting Our efforts will be concentrated on assisting smaller smaller communitiescommunities (< 10,000 population) who have neither (< 10,000 population) who have neither the staff resources nor the need to use FIAM.the staff resources nor the need to use FIAM.
We will likely select a single community to use as a We will likely select a single community to use as a “test case” for creating a “test case” for creating a simplified modelsimplified model, which would , which would then be distributed to local governments for their own then be distributed to local governments for their own use.use.
More informationMore information will be distributed to the local will be distributed to the local governments as it becomes available.governments as it becomes available.