Orange County NC Website
Browse       Search
14 <br /> 1 points are for the cost to serve. She said they look at this to achieve planning and fiscal goals, <br /> 2 and a way to understand those relationships in a way to develop a model that will address <br /> 3 questions at hand. She said that this is not an economic development model. <br /> 4 <br /> 5 Slide #3 <br /> Orange County Fiscal Impact Model <br /> • Evaluate fiscal impacts of land use <br /> changes <br /> Multiple scenarios allow testing and <br /> comparing <br /> o Propertyvalues <br /> a Timing <br /> o Type of land uses <br /> Inform land use decisions and test T,sc�hlise <br /> 'What if'alternatives <br /> • Plan for short-and long-term <br /> operational and capital improvement <br /> impacts <br /> 6 Tlsch erblse <br /> 7 <br /> 8 Julie Herlands explained that this model has been developed specifically for Orange <br /> 9 County and turned over to staff so that they can enter inputs and perform scenarios. <br /> 10 <br /> 11 Slide #4 <br /> Key Assumptions <br /> Orange County Fiscal Year 201 9 Adopted Budget used to develop <br /> the initial model <br /> Revenues and Costs to Orange County are modeled <br /> o General Fund.Special Revenue Funds,Fire Districts,Schools(County- <br /> funded portion) <br /> o Capital expenditures for development's share of expanded facilities <br /> Current dollars are used to get a snapshot result (no inflation <br /> assumed) <br /> • Model reflects location-specific features: Values, school district, <br /> fire district, park district <br /> TlschierBlse <br /> 12 <br /> 13 Julie Herlands said that the TischlerBise model was based on the FY 2020 budget and <br /> 14 was proportional to the project <br /> 15 <br /> 16 <br />