The Nexus Between Land Use and Fiscal Balance
Zoning Practice — January 2019
By Ranadip Bose, AICP, Fran Lefor Rood, AICP
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Land-use decisions directly influence the financial health of a community. Every development project, whether it be a single-family subdivision, a downtown storefront, or a corporate business park, contributes to local government tax revenues and service costs. In aggregate, these individual projects and land uses determine the tax base and the annual budget of a community.
Fiscal zoning — explicitly considering fiscal health in zoning — has been debated by practitioners and implemented in various forms for decades. However, this often takes the form of overzoning for preferred fiscally positive uses or evaluating potential fiscal impacts only on a project-by-project basis.
This issue of Zoning Practice explains the key factors that determine the fiscal impact of different land uses and development patterns and makes a case for a more holistic approach to planning and zoning for fiscal balance.
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About the Authors
Ranadip Bose, AICP
Ranadip is a real estate development advisor dedicated to the creation of high-quality urban environments. As a Partner at SB Friedman Development Advisors, his practice area focuses on market and economic analysis, development impacts of transportation investments, and value capture financing of infrastructure. Ranadip has a Master’s degree in Urban and Regional Planning from the University of Illinois at Urbana-Champaign and a Bachelor’s in Architecture from Jadavpur University, India. He is a member of the American Planning Association, Urban Land Institute, and Lambda Alpha International, the honorary land economics society.
Fran Lefor Rood, AICP
<p>Fran is a trusted advisor, helping clients nationwide achieve their community, economic and real estate development goals. She believes that collaboration, rigorous analysis, and a focus on solutions lead to successful community development outcomes. As Managing Partner at SB Friedman, Fran brings over 15 years of experience developing creative, implementable solutions to guide reinvestment in communities. Her expertise in market analysis, development finance and implementation strategies have been key to informing numerous planning, policy and development decisions. She has led citywide and regional planning efforts, crafted economic development and housing strategies, and underwritten or structured over $2 billion in public assistance for a diverse mix of projects across the country. Fran holds a a Bachelor of Arts degree in Public Policy from the University of Chicago and a Master of Urban Planning and Policy degree from the University of Illinois at Chicago. She is a member of the American Planning Association and Lambda Alpha International-Chicago Region Chapter, and serves on the ULI Chicago Advisory Board.</p>