Fiscal analyses forecast budgetary impacts resulting from the expansion, contraction, or other changes in the provision of government services. Fiscal analysis is generally conducted to understand the budgetary impacts of new policies or projects (e.g. real estate development) on the operating budget of a city, county, or special district. A complete fiscal analysis incorporates both operating revenues and service expenditures to determine net impacts. Fiscal analyses typically address two other important questions: (1) how, if at all, are levels of service affected; and (2) what measures can mitigate impacts on service levels and fiscal conditions?
Fiscal impact studies are often completed within the context of:
- Land use plan evaluation and development project review
- Financial negotiations between public and private entities
- Reorganization of service providers
EPS utilizes computer models that simulate and forecast agency budgets based on input from affected agencies as well as case studies from similar projects. The forecasting assumptions draw on EPS’s understanding of market analysis, infrastructure finance, and options for funding and organizing public services.
REPRESENTATIVE PROJECTS: