Ted Figura is an economic development professional with more than 40 years of experience in the field and a Masters in Urban Studies with a concentration in urban economics. He has been consulting and performing fiscal impact analyses since 2009, following a career in municipal government during which he developed the principles applied to his fiscal impact work. Figura has performed more than 85 fiscal impact analyses and written a dozen opinion letters for residential, commercial, and mixed-use projects. He has done work in more than 15 Virginia localities for more than 45 private sector clients. Having worked in the public sector for nearly three decades, he brings to his work a keen understanding of local government needs and expectations, resulting in a conservative approach that engenders confidence in the objectivity of the end product. This has allowed Figura to convincingly bust long-held myths about the fiscal impact of residential and commercial developments.
This detailed manual describes, in detail, the methodology and decision-points for conducting a variable cost/revenue-based fiscal impact analysis. This approach supplants the methodologically flawed average cost/revenue approach to fiscal impact analysis that has been the standard practice for decades.
Asking the right question is the first step to arriving at the correct answer. For too long, fiscal impact analysts have been asking the wrong question. In Fiscal Impact Analysis: A New Approach, Ted Figura presents a fiscal impact methodology that answers the question: how will a municipality's budgetary costs and revenues change due to the construction of this specific development? To do this, Figura utilizes a variable cost/revenue approach tailored to the unique parameters of a proposed development. Because this methodology is nuanced, many points need to be considered and many decisions must be made by the analyst. This work examines the many issues confronted by the fiscal impact analyst and provides detailed descriptions of methodologies to be employed, including formulas. Fiscal Impact Analysis: A New Approach will transform the landscape of the field and is a must read for the serious student or practitioner of the trade.
Título : Fiscal Impact Analysis: A New Approach
EAN : 9798224034123
Editorial : Theodore J. Figura, Jr.
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