Fiscal Impacts of Development: Literature Review and Discussion
Date
2008-08-25T19:00:15Z
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Abstract
A few simple premises about growth and development directed the preparation of this report.
First, regional growth and development certainly brings with it a whole host of benefits and
costs. From a positive perspective, growth and development can provide residents with
additional choices of where to live, work, and shop. It can generate new jobs, new tax revenue,
and higher incomes and property values. However, growth and development can also create
negative consequences, ranging from degraded environmental quality and increased traffic
congestion to the loss of rural and historic character. Also, there is far from complete agreement
on what constitutes good or bad growth. One person may aspire to live in a large home in a rural
area, while another may derisively refer to such a home as a “McMansion.” Finally, reasonable
people, regardless of their favorite housing style, tend to agree that growth and development does
have a significant impact on state and local governments’ budgets. At the most basic level,
increased population leads to increased costs.
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Keywords
fiscal impacts of development, fiscal impact analysis, land use planning, regional planning, fiscal analysis, compact development, methodologies, costs of sprawl