Fiscal Cost-Benefit Analysis

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Fiscal impact analysis estimates the impact of a development or a land use change on the costs and revenues of governments serving the development. The analysis is based on specific fiscal characteristics of your community — e.g., revenues, expenditures, tax structure, land values — and specific charatcteristics of the new development or land use in questions — e.g., residential or commercial, new employment, income and/or investment.

It isn’t always easy to understand the benefits and costs associated with land use changes or from new or expanding businesses in the community. With this analysis a local government can understand both the benefits and the costs of these changes. This strategic information can help in the decision making process as well as in the negotiation of incentives for new business.

WebLOCI is a nationally recognized web-based model for economic developers to use to evaluate the fiscal impact of new development and/or land use change. Robert Lann is a co-developer of this software and is a principal of the Economic Impact Group