Section 3 — Positive Fiscal Impact of Apartment Develonment
Earlier this year, a Fiscal Impact Analysis was prepared by Fougere Planning & Development,
Inc. to evaluate the fiscal impact to the City of Nashua should this area be developed as multi-
family. The report breaks down everything from the number of bedrooms in a unit to impacts on
the school system, and more specifically, impact to the Bicentennial School, which affects the
immediate neighborhood. The Bicentennial School was looked at as a separate item based on
concerns from neighbors that were expressed to us during one of our many Neighborhood
Meetings. The report states that the development will generate $812,554 in yearly taxes. In
addition, it is estimated that an additional $129,654 in motor vehicle registration fees will be
collected by the city. resulting in $942,208 in additional yearly revenue that the City of Nashua
will receive. While not necessary, Municipal costs in the amount of $45,000 toward a part-time
teacher (not necessary based on input from Nashua School Districts Chief Operating Officer), as
well as $22,050 in miscellaneous costs, in addition to $60,000 total for the Police and Fire
Departments, the NET POSITIVE yearly fiscal impact to the city will be a minimum of
$815,158. Additional one-time fees such as building permit fees and School Impact Fees will
bump that number over $1,000,000.
School enrollment was an issue that was brought up during our Neighborhood meetings that was
looked at more closely and broken out separately to see the direct impact to that one school in the
neighborhood. From 2013 to 2019 (pre-pandemic), there was an 8.8% reduction in enrollment to
the Bicentennial School (10.1% reduction overall in Nashua). Based on the Fiscal Analysis, it is
expected that 19 students will attend elementary school, with 1 middle school attendee, and 4
high school students.
Mr. Fougere also met with Mr. Daniel Donovan, Nashua School Districts Chief Operating
Officer to obtain a clear understanding of the potential impacts to the school district, The largest
addition of students would be to Bicentennial (19 students) and based on that number, Mr.
Donovan did not foresee any capacity issues at Bicentennial nor any of the other schools in the
district. Mr. Donovan further mentioned that in the fall of 2021, preschool students would be
moved from Bicentennial to a new facility at 55 Franklin Street, freeing additional space at the
Bicentennial School, while placing preschool students in a more appropriate setting.
The full Fiscal Impact Analysis is included in Appendix A.
