Fia Analysis

1027 Words Feb 8th, 2015 5 Pages
Applied Public Finance

Fiscal Impact Analysis 3 - FIA 3 Assignment * Briefly describe (1-2 pages) the American Farmland Trust (AFT) Cost of Community Services methodology and illustrate the COCS approach from the Skagit County, WA case study.

The American Farmland Trust Cost of Community Services methodology compares the ratio of expenditures to revenue for different land uses, which are used in municipal land-use planning. Land uses, from residential / commercial / industrial , agricultural / and open space, largely determine the different revenues and expenditures of the municipal government because they generated different amounts of revenue from being taxed at different rates. Expenditures also vary from municipal services
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They used the same classifications of 1) residential development, 2) commercial development, 3) industrial development and 4) farm, forest and open land. The relevant data that they collected information were gathered from: * Skagit County, Washington, 1997 Annual Budget * 1997 Skagit County Expense Versus Budget Report * Total assessed property values broken down by land use School Budget for 1997-1998 school year * 1997 reports of county departmental activity * Geographic Information Systems (GIS) map showing total county area distinguished by land use * Total land area and total road mileage for the county, each broken down by land use Next they conducted interviews with county officials and used budget records to allocate revenue and expenses into land use categories and then entered the appropriate information into a computer spreadsheet for calculations for this final findings.

For every dollar of revenue from residential development, $1.25 was required in expenditures. For every one-dollar of revenue from commercial development, 34 cents was required in expenditures. For every dollar of revenue from industrial development, 29 cents was required in services. For

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