Sparks Miramonte Townhomes Fiscal Impact Analysis, 2017
Decision Point: The City of Sparks, Nevada, was considering the approval of a 204-unit residential townhome project and was interested to know how the prospective project would impact its operating budget.
Assignment: New Economics conducted a detailed fiscal impact analysis measuring the revenues that the project would generate for the local jurisdiction in the form of property taxes, sales taxes, local government fees, and other sources. New Economics then quantified the likely cost to provide local government services to the project (in the form of law enforcement, public safety, roadway maintenance, etc.), and compared these costs to the estimated revenues that the project would generate.
Outcome: The study found that the project would generate revenues that are sufficient to offset costs to the City, and therefore there would cause no negative net impact to the City’s operating budget.