Fiscal impact studies are an objective measure of whether development is paying its way from a local government perspective. We develop sophisticated models that accurately project all revenue sources and costs to local taxing bodies based on a thorough analysis of municipal budgets and interviews with municipal staff. We have expertise in both the average cost and marginal cost techniques in determining the costs of development.

Our fiscal impact projections assist local government leaders make decisions regarding:

• The approval of development proposals based on fiscal, economic and policy considerations;
• Future development/land use scenarios that balance policy goals and fiscal considerations;
• Approval of annexation proposals; and
• Strategies that can facilitate growth while ensuring long-term fiscal balance.

We are experts in using sophisticated input-output models, such as IMPLAN and RIMS II, and econometric models, such as REMI, to calculate direct and “multiplier” effects of a transportation improvement, a new development project, a new public policy, or an existing activity/event. Our analysis results highlight economic impacts in terms of jobs, wages, taxes and total economic activity, allowing decision-makers to understand the value-add of a project.