Orange County NC Website
Browse       Search
14 <br /> Julie Herlands said that what they are looking at is the cost to serve. She said that not <br /> all costs are affected by growth. She said they engaged in a process to see what the pressure <br /> points are for the cost to serve. She said they look at this to achieve planning and fiscal goals, <br /> and a way to understand those relationships in a way to develop a model that will address <br /> questions at hand. She said that this is not an economic development model. <br /> 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 /> c. Timing <br /> o Type of land uses <br /> • Inform land use decisions and test <br /> „what if'alternatives <br /> • Plan for short-and long-term <br /> operational and capital improvement <br /> impacts <br /> Tssch� leer Ise <br /> Julie Herlands explained that this model has been developed specifically for Orange <br /> County and turned over to staff so that they can enter inputs and perform scenarios. <br /> Slide #4 <br /> Key Assumptions <br /> • Orange County Fiscal Year 201 9 Adapted 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 Distriots,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 /> TlschlerBlse <br /> Julie Herlands said that the TischlerBise model was based on the FY 2020 budget and <br /> was proportional to the project <br />