An increasingly common consideration planning departments must address when reviewing proposed developments is the impact they will have on the City's budget. New or infill development alters the fiscal implications of a parcel of land, and disentangling the impacts can be tricky. Consider the effect of redeveloping an outdated and underutilized retail strip center into residential apartments: there may be a decrease in sales tax revenue generation but a large increase in property tax generation, and the intensification of population density in the area can increase public safety costs the City must expend to serve the area. Land uses, location, market conditions, and many other factors have an effect on a project's fiscal impact.
Economic & Planning Systems, in partnership with Esri, has taken its fiscal impact analysis methodology and integrated it into Esri's Urban platform to provide the City of Fresno with an interactive and dynamic modeling tool to allow public sector agencies to run state-of-the-art fiscal analyses on a broad range of projects through one single interface. In this session, learn how the tool harnesses 11 different land use prototypes and over 150 modifiable inputs to empower Fresno staff to estimate fiscal impacts across their city.