Strategic Regional Issue #27 – Public Costs of Development

The public costs associated with new development are not widely understood, leading to developments that may not generate anticipated revenues.

Objective

27.AA.  Local governments in the region should assess the public costs associated with new development.

Policy Recommendations

27.AA.1.  Local governments should consider the fiscal costs and benefits associated with new development, and OKI will continue to maintain the Fiscal Impact Analysis Model and provide technical assistance to local governments for its use.

27.AA.2.  Local governments should foster creative public/private financing mechanisms and partnerships for public facility improvements.

27.AA.3.  Local governments should consider public costs and revenues from new development, as well as the need for accommodating low revenue land uses (such as parks and affordable housing).