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q Q-�� <br />1C.MA <br />Dear Reader: <br />We are pleased to present this excerpt from the MIS <br />Report which was authored by Paul S. Tischler, <br />principal of Tischler & Associates, Inc. (TA). TA is a <br />fiscal, economic and planning consulting firm <br />specializing in fiscal impact and related economic <br />analysis. Studies include fiscal analysis, capital facility <br />forecasting, revenue strategies and impact fee analysis. <br />In many cases, TA uses the MUNIES or FISCALS <br />fiscal system and process tailored for each jurisdiction. <br />For more information, or to receive our TA Fiscal & <br />Economic Newsletters, please contact us toll -free at <br />(800) 424-4318. <br />MIS Reports are published monthly by the Management <br />Information Service, International City Management <br />Assc:...ation, 1120 G Street, N.W., Washington, D.C. <br />20 C,5. Copyright t) 1988 by the International City <br />Management Association. No part of this report may be <br />reproduced without permission of the copyright owner. <br />These reports are intended primarily to provide timely <br />information on subjects of practical interest to local <br />government administrators, department heads, budget <br />and research analysts, administrative assistants, and <br />others responsible for and concerned with operational <br />aspects of local government. <br />MIS Reports are issued as part of a subscription service <br />available to all local governments. A subscription to the <br />'Vanagement Information Service includes unlimited access <br />to the MIS Inquiry Service —backed up by the ICMA <br />automated data base; the MIS Bulletin; Info Packets; and <br />other publications. <br />Reprinted with permission of ICMA <br />21 <br />ANALYZING <br />THE FISCAL IMPACT <br />OF DEVELOPMENT <br />Mast states require local <br />governments to prepare a balanced <br />budget on an annual basis. However, most <br />states do not require that jurisdictions <br />conduct fiscal impact evaluations to help <br />ensure that local officials understand the <br />short- and long-term fiscal effects of land - <br />use and development policies and of new <br />developments that are approved. A fiscal <br />impact analysis clarifies the financial <br />effects of such policies and practices by <br />projecting net cash flow to the public <br />sector resulting from residential and non- <br />residential development. Such an analysis <br />can enable local governments to address a <br />number of short- and long-term planning, <br />budget, and finance issues. <br />This report discusses the benefits of <br />fiscal impact analysis and reviews <br />common methodologies used to collect <br />and analyze information. Five case studies <br />are provided to illustrate how fiscal <br />impact analysis can be used in different <br />situations. The report concludes by <br />recommending an approach for con- <br />ducting fiscal impact evaluations. <br />