§ 70-6. Fiscal impact analysis.

The following information is required for fiscal impact studies:

A. 

Existing capita estimate of service costs. The applicant shall determine existing capita estimate of service costs based upon the most recent budget provided by the Township. Budgets shall be disaggregated into categories of service expenditure for general government administration; public services; police; fire; and recreation. Costs shall be allocated to residential and nonresidential land uses based upon existing Township population and employment. Residentially associated costs will be divided by total population to derive a per capita estimate of service costs. Nonresidential costs will be divided by local employees for a per employee estimate of nonresidential service costs.

B. 

Existing revenues. Existing revenues will be outlined based upon the most recent budget provided by the Township. Budgets will be disaggregated into categories of revenue including permit fees, property taxes, and intergovernmental revenue. Revenues will be allocated to residential and nonresidential uses, and estimated revenues associated with residential and nonresidential land uses.

C. 

Fiscal impact. The applicant shall determine fiscal impact associated with the development.

(1) 

The applicant shall outline population and employment changes associated with the development.

(2) 

The applicant shall determine infrastructure needs and costs associated with the development. This shall identify infrastructure facilities needed to accommodate the development and project the costs of needed infrastructure improvements.

(3) 

Total costs to serve the development shall be calculated. Residentially induced costs associated with development shall be calculated by multiplying the per capita estimate of current service costs from Subsection A above by the population increase of the proposed development. Nonresidential costs associated with development shall be calculated by multiplying the per employee estimate of service costs by the employment increase associated with the development. Annual debt service costs shall also be calculated.

(4) 

Property taxes, state revenue sharing, utility fees, permit fees and other revenues associated with the development shall be estimated.

(5) 

Estimated revenues and costs shall be compared to determine net fiscal impact on the Township.

D. 

Marginal costs. The analysis shall also identify any marginal costs associated with the development. This shall consider surplus capacity in existing facilities and the point at which new development will require major expansion to infrastructure and facilities, thereby making the marginal cost of serving the development higher than the average per capita cost.