- This event has passed.
Penn State Extension: Using Reverse Fiscal Impact Analysis…
May 17, 2017 @ 12:00 pm - 1:15 pm
Penn State Extension provides research-based practical education you can trust. We help people, businesses, and communities solve problems, develop skills, and build a better future. http://extension.psu.edu/community/ecd/courses/land-use-planning
Using Reverse Fiscal Impact Analysis in Pre-Disaster Planning
Fiscal impact analysis is commonly used to determine the impact of land development on a municipal, county or school budget. However, with a few tweaks, it can also be used as part of pre- or post-disaster planning and hazard mitigation planning to determine the impact of property buy-outs on these same budgets, and is thus called a “reverse” fiscal impact analysis.
Planning for disasters involves social, environmental and fiscal issues and will require various adaptation strategies, including property buy-outs. Property buy-outs of frequently flooded and other vulnerable properties are often opposed by local governments in the belief that any loss of tax ratables will be a fiscal cost to them. However, a full analysis that includes a reverse fiscal impact analysis will quantify revenue loss as well as cost savings due to fewer services being provided, and can be used by decision makers in making more informed decisions.
This webinar will provide a practitioner’s guide to performing a reverse fiscal impact analysis and case studies from flood-prone communities.
Approved for 1.25 CM credit
More information contact Peter Wulfhorst, 570-296-3400.