Average Annual Net Fiscal Impacts from New Growth
Average annual net fiscal impact (revenues minus expenditures) is illustrated in the tables below. The fiscal results include both operating and capital impacts. All results are those accruing from new growth only, and do not include costs and revenues from the existing population and employment base of the city.
Projected development according to the 2007 Land Use Plan generates average annual net surpluses in all time periods. Average annual net surpluses are generated in Years 1-10 due to the additional income tax resulting from employment growth. Those surpluses are modest, however, because five of the fiscal analysis zones are adding park facilities to accommodate residential population growth during the period. There are large contrasts between Years 1-10 and 11-23 because more of the office sector employment is projected to develop in the latter half of the analysis period. This demonstrates that the city will be able to offset its capital and operating costs from new growth areas by emphasizing office development, the highest income tax revenue generating employment sector.
Annual Net Fiscal Impacts
Development according to the 2007 Land Use Plan is projected to generate $817.5 million in cumulative income tax citywide. The figure below shows the annual net fiscal impacts to the city over the analysis period. By showing the results annually, the magnitude, rate of change, and timeline of deficits and surpluses can be observed over time. Data points above the $0 line represent annual surpluses, while points below the $0 line represent annual deficits. The irregular nature of the annual results during particular years represents the opening of capital facilities and/or major operating costs being incurred.
Increasing annual net surpluses are projected for a majority of the years; primarily due to the amount of income tax revenue the city receives from the higher employment projected for the latter half of the analysis period. The sharp downward spikes in data are the result of new park facilities being constructed, reflecting pay-as-you-go financing for the development of each park.
Cumulative Net Fiscal Impacts
The figure below illustrates the cumulative net fiscal impacts to the City of Dublin for the operating and capital budgets as well as the combined net impact. The cumulative impacts are the total amount of money lost or gained over the analysis period. As the chart indicates, a cumulative net surplus of $239.9 million is projected. The chart shows that the city will be able to handle the operating costs incurred from new population and employment growth, as a surplus will be generated for the operating budget. Net deficits are generated in the capital budget because of the costs incurred primarily from road capacity projects and additional park construction. However, the city will be able to cover the deficits incurred by the capital budget because of a larger surplus in the operating budget.
Cumulative Net Fiscal Impacts by Fiscal Analysis Zone
The figure below illustrates the cumulative net fiscal impacts (combined net impact of the operating and capital budgets) to the City by fiscal analysis zone (FAZ). The cumulative impacts are the total amount of money lost or gained over the analysis periods. In this analysis, road capital facility costs are allocated to the zone for which they are planned. Citywide capital facility costs are also allocated according to the proportion of new growth projected in each zone. The majority of net surpluses are generated from the Northwest/U.S. 33 Corridor and Sawmill/SR 161 FAZs, which have the first and third highest employment increases, respectively. The City will be able to offset the large costs of road infrastructure in the U.S. 33/SR 161 Zone (associated with the planned US 33/SR 161/Post Road interchange improvement) with more employment, mostly in the office and research and development sectors. Two zones are expected to generate deficits, primarily due to an emphasis on residential development.
Average Annual Net Fiscal Impacts from New Growth
Average annual net fiscal impact (revenues minus expenditures) is illustrated in the tables below. The fiscal results include both operating and capital impacts. All results are those accruing from new growth only, and do not include costs and revenues from the existing population and employment base of the city.
Projected development according to the 2007 Land Use Plan generates average annual net surpluses in all time periods. Average annual net surpluses are generated in Years 1-10 due to the additional income tax resulting from employment growth. Those surpluses are modest, however, because five of the fiscal analysis zones are adding park facilities to accommodate residential population growth during the period. There are large contrasts between Years 1-10 and 11-23 because more of the office sector employment is projected to develop in the latter half of the analysis period. This demonstrates that the city will be able to offset its capital and operating costs from new growth areas by emphasizing office development, the highest income tax revenue generating employment sector.
Annual Net Fiscal Impacts
Development according to the 2007 Land Use Plan is projected to generate $817.5 million in cumulative income tax citywide. The figure below shows the annual net fiscal impacts to the city over the analysis period. By showing the results annually, the magnitude, rate of change, and timeline of deficits and surpluses can be observed over time. Data points above the $0 line represent annual surpluses, while points below the $0 line represent annual deficits. The irregular nature of the annual results during particular years represents the opening of capital facilities and/or major operating costs being incurred.
Increasing annual net surpluses are projected for a majority of the years; primarily due to the amount of income tax revenue the city receives from the higher employment projected for the latter half of the analysis period. The sharp downward spikes in data are the result of new park facilities being constructed, reflecting pay-as-you-go financing for the development of each park.
Cumulative Net Fiscal Impacts
The figure below illustrates the cumulative net fiscal impacts to the City of Dublin for the operating and capital budgets as well as the combined net impact. The cumulative impacts are the total amount of money lost or gained over the analysis period. As the chart indicates, a cumulative net surplus of $239.9 million is projected. The chart shows that the city will be able to handle the operating costs incurred from new population and employment growth, as a surplus will be generated for the operating budget. Net deficits are generated in the capital budget because of the costs incurred primarily from road capacity projects and additional park construction. However, the city will be able to cover the deficits incurred by the capital budget because of a larger surplus in the operating budget.
Cumulative Net Fiscal Impacts by Fiscal Analysis Zone
The figure below illustrates the cumulative net fiscal impacts (combined net impact of the operating and capital budgets) to the City by fiscal analysis zone (FAZ). The cumulative impacts are the total amount of money lost or gained over the analysis periods. In this analysis, road capital facility costs are allocated to the zone for which they are planned. Citywide capital facility costs are also allocated according to the proportion of new growth projected in each zone. The majority of net surpluses are generated from the Northwest/U.S. 33 Corridor and Sawmill/SR 161 FAZs, which have the first and third highest employment increases, respectively. The City will be able to offset the large costs of road infrastructure in the U.S. 33/SR 161 Zone (associated with the planned US 33/SR 161/Post Road interchange improvement) with more employment, mostly in the office and research and development sectors. Two zones are expected to generate deficits, primarily due to an emphasis on residential development.
Community Plan
