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  2. Board Of Aldermen - Agenda - 4/12/2022 - P466

Board Of Aldermen - Agenda - 4/12/2022 - P466

By dnadmin on Mon, 11/07/2022 - 07:46
Document Date
Fri, 04/08/2022 - 13:45
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 04/12/2022 - 00:00
Page Number
466
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__041220…

Figure Two
Budget Percentages

General
Government

Other
Public
Safety

Education Tom = Public Works

Public Library

Community
Development

XX _ Debt Service

Contingency
Capital

Improvements Interfund Transfers

A. Fiscal Methodology Approach

Fiscal Impact Analysis can have many connotations, this analysis will follow the
classic definition of fiscal impact as follows “A projection of the direct, current public
costs and revenues associated with residential or nonresidential growth to the local

jurisdiction in which the growth is taking place.”

There are a number of methodologies that are used to estimate fiscal impacts of
proposed development projects. The Per Capita Multiplier Method is the most
often used analysis to determine municipal cost allocation. This methed is the
classic “average” costing method for projecting the impact of population growth
on local spending patterns and is used to establish the costs of existing services
for a new development. The basic premise of this method is that current
revenue/cost ratios per person and per unit is a potential indicator of future
revenue/cost impacts occasioned by growth. New capital expenditures required
for provision of services to a development are not added to current costs;

instead, the present debt service for previous improvements is included to

3

Page Image
Board Of Aldermen - Agenda - 4/12/2022 - P466

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