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 Senior Vice President 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
Fran Lefor Rood, AICP is a Partner at SB Friedman Development Advisors, where she guides clients in reaching their community, economic and real estate development goals. She brings her 15 years of experience in the field and innovative thinking to develop creative and implementable solutions to improve communities. Fran has expertise in analyzing market scenarios, recommending redevelopment strategies and identifying financing options that have been key to informing numerous planning, policy and development decisions. Her broad experience includes supporting affordable housing development and equitable housing policy, including leading the Housing & Neighborhoods Pillar of the We Will Chicago citywide framework plan and a Regional Housing Strategy for Dane County, WI, as well as structuring financing for affordable housing developers. Fran is a member of the American Planning Association, Council of Development Finance Agencies, Lambda Alpha International-Chicago Region Chapter, and the Urban Land Institute, where she serves on the ULI Chicago Advisory Board.