OKI’s Fiscal Impact Analysis Model is a service for scenario-planning designed specifically for local governments
The Ohio-Kentucky-Indiana Regional Council of Governments (OKI) developed a Fiscal Impact Analysis Model (FIAM) to give decision-makers a better understanding of the budgetary implications of land-use proposals.
Federal transportation investments stimulate land-use change and economic development.
The need for a fiscal impact analysis tool was identified as part of OKI’s Strategic Regional Policy Plan. The plan recommends a fiscal impact analysis tool to:
- Help guide land use policy decisions
- Allow for an integration of land use and budget considerations
- Bring a realistic sense of the costs of growth into the public discussion
- Gain an understanding of the likely demands for services and capital facility impacts
The results of the Model are an estimate of potential future expenditures and revenues. Actual results may differ significantly based on the specific development and site characteristics.