SHENANDOAH COUNTY FISCAL IMPACT ANALYSIS

Fiscal Impact Analysis and Cash Proffers

•          County recently had a fiscal impact model prepared by a consultant to form basis for discussions concerning the impacts of new development proposals.

•          Shows impacts to both the County and the towns.

•          County and five towns currently have conditional zoning.

•          County and three of those towns have joint agreements concerning cash proffers; agreements now being considered by others.

•          Impacts vary with type and amount of residential units, assessed values, whether any commercial or industrial development is proposed.

Fiscal Impact Model Includes:

•           GIS component with several basic database items, including tax parcels, corporate limits of towns, fire & rescue zones, school districts, zoning categories and street names.

•           Costs for various capital projects over last several years and those included in current and projected CIP program.

•           Average household sizes and school generation figures for various types of housing (single-family, duplex, townhouses, apartments/condominiums, mobile homes).

•           Tax rates for real estate tax, personal property taxes, business property tax, sales & use tax, lodging and meals taxes.

Impacts projected for:

•           General Administration

•           Legislative Administration

•           Law Enforcement (shared)

•           Fire & Rescue (shared)

•           Corrections and detention

•           Inspections

•           Other Protection

•           Public Works (shared)

•           Health & Welfare

•           Education (expenses per student)

•           Parks, recreation and cultural facilities (shared)

•           Community Development (shared)

•           Capital Improvements & Debt Service