Agenda - 04-05-1993 - VII-E - Laserfiche WebLink

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1 O R A N G E C O U N T Y BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: April 5, 1993 Agenda Abstract Item # V.Lr- E SUBJECT: FISCAL IMPACT ANALYSIS FOR RESIDENTIAL DEVELOPMENT DEPARTMENT: Planning PUBLIC HEARING: Yes No ATTACHMENT(S) : INFORMATION CONTACT: Sample Impact Analyses Planning Director X2592 PHONE NUMBERS: Hillsborough 732-8181 Mebane 227-2031 Durham 688-7331 Chapel Hill 967-9251 PURPOSE: To present a report on the assumptions and methodology used in generating fiscal impact analyses for residential development. BACKGROUND: At its goal setting retreat in December 1992, the Board of Commissioners expressed a desire to receive a report on the assumptions and methodology used in generating fiscal impact analyses for residential development. In 1993, the staff has presented fiscal impact analyses for two subdivisions during the approval process. In addition, an analysis in connection with a Comprehensive Plan amendment has been prepared. It is thus appropriate to review the information at this time. This report provides the requested information and compares the newer methodology [service standard approach] being used now with the methodology [per capita multiplier approach] used for previous fiscal impact analyses, such as the ones included as part of the 1992 report on public school impact fees. Three analyses are provided for comparison. The first is an analysis of Mel Oaks Subdivision included as part of the Public School Impact Fee Report. It was prepared using the per capita multiplier approach and 1989-90 budget data. The second analysis is also of Mel Oaks Subdivision but substitutes the service standard approach. The last analysis is also of Mel Oaks Subdivision but utilizes 1992-93 budget data and the service standard approach. RECOMMENDATION: That the Board receive the report for information.