Orange County NC Website
Browse       Search
l <br /> Based on recent studies and review of research on fiscal <br /> impact analysis, the following applications might be useful for <br /> Orange County: <br /> Revenue Forecasting <br /> Capital Improvement Programming <br /> Budget Projections <br /> Comparing Levels of Service <br /> Steering Development <br /> Annexation Issues <br /> Determining Patterns of Land Use <br /> Planning Infrastructure <br /> The most obvious risk in using any type of fiscal impact analysis <br /> is a jurisdiction's sole dependence on the outcome of the analysis <br /> for decision-making. Fiscal impact analysis is a tool for guiding <br /> decision-making but does not take into account environmental or <br /> social impacts, or impacts that are very real but not easily <br /> quantified. These impacts could easily be more "fiscally <br /> significant" than the development itself. <br /> After numerous discussions with you, Budget, Economic <br /> Development and Finance Staffs, I feel safe in recommending the <br /> Proportional Valuation Template for use as' a tool for "sensitivity <br /> analysis, " - comparing different development scenarios and <br /> assisting decision-making based on each one's relative value, not <br /> on one individual development's bottom line net fiscal impact. <br /> I have attached an in-depth explanation of each section of <br /> the template to the Parker-Hannifin analysis. Explanations for <br /> other analyses are identical to the Parker-Hannifin explanation <br /> with the exception of the obvious differences in the numbers. <br /> Additionally, I have attached the Refinement Coefficient Worksheet <br /> for further clarification. Please let me know if you need <br /> additional information. <br />