Fostering Fiscal Predictability: Comprehensive Plan to Development Code
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Certification Maintenance
Learning Outcomes
- Educate citizens and city leadership to visualize public policy to ensure a city's sustainable financial future.
- Identify future revenue impacts of new proposed developments at both citywide and parcel-level perspectives as well as the impact on the city’s bottom line.
- Update land-development regulations to ensure stronger fiscal predictability and foster a higher return on investment for a community.
Course Details
A city government is similar to a corporation in that it adopts a budget each year and accounts for expenditures as well as revenues from taxes and fees. Cities must account for short-term, long-term, and ongoing costs, such as maintenance, public safety, and general administration.
Development prompts the provision of roadways, utilities, and other infrastructure. Often the initial costs to pave a roadway or install infrastructure are paid for by developers; however, long-term and ongoing infrastructure maintenance costs are the responsibility of the city and, therefore, the taxpaying citizens.
By incorporating fiscal responsibility as a core value, from long-range planning to future patterns of private development, communities can shape more financially resilient cities and ensure long-term fiscal sustainability for their bottom line.