Rutgers Fia Model Assignment Harvard Case Solution & Analysis

Section 1: Brief Description

‘Cost of Community Services studies’ are the case study approaches, which are used to determine the impact of the fiscal contribution of the local land use. The particular niche is to evaluate the fiscal benefits in the area of the industrial, commercial and the residential land uses.

The researcher under the ‘Cost of Community Services’ study, gathers the financial records for assigning the cost of the municipal services for working and the open lands. The land use categories are identified and the scope of the project is defined once the researchers meet the sponsors(AFT, 2010). The COGS methodology works based on three simple steps, which are defined as follows:

  • Collect data on the local expenditures and revenues
  • Group all the expenditures and revenues and then allocate them to the major land categories.
  • Analyze the data and then compute the revenue to expenditure ratios for each land use category.

This methodology is quite straightforward and ensures that reliable figures receivelocal oversight. The most complicated task in this whole process is the interpretation of the existing records to reflect on the COGS land use categories. Allocation of the expenses and revenues requires significant amount of research, which includes interviews with the public administrators and the financial officers.

On the other hand, the COGS methodology has also been briefed in the Skagit County, WA Case Study. It defines COGS as a factual way for assessing the overall fiscal contribution of the current land uses(Trust, 1999). Its methodology follows the following steps:

  • Meeting with the local sponsors.
  • Collecting data, obtaining reports, contacting officials, boards and departments.
  • Allocating expenditures and revenues by land use.
  • Analyzing the data and computing the ratios.

This is also an easy and straightforward process for analyzing the general land use categories.

Rutgers Fia Model Assignment Harvard Case Solution & Analysis

Section 2: Applied Per Capita Fiscal Impact Analysis

First, we perform an evaluation of the FIA Results as shown below:

Evaluation of FIA Results

Through the progress of different assignments, we learned how to compute the public costs, the public revenues and how to perform the basis calculations for the Livingston Township. The project impacts had been divided into residential and non-residential impacts. The market value of all the units in the residential and the non-residential areas has been computed. Through this, we have found the total market value of the project.

Second, the multiples have been computed for households and the school age children. Next, using the previous two sets of information we have calculated the annual public costs generated through the property taxes, which are collected by the people living in residential as well as non-residential apartments.

This total of municipal and school costs for the projects, shows us the total funds, which could be spent on the development of the property. In the next step, we applied the equalized property tax rate on the market values of all the residential and non-residential properties assuming that the proposed development in Livingston takes place. This would generate additional revenue, which has been computed for thelocal total......................

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