Municipal budgets balance community needs and goals with available revenues to support those goals. These revenues come from property taxes and other taxes generated by specific land uses. However, the financial impacts of specific land uses are not often central to planners’ day-to-day considerations despite their integral role in guiding local land use decisions. This session will explore how land use decisions impact municipal budgets and how planners can keep this in mind to play a more constructive role in planning for municipal finances. Panelists will discuss:
The impact that different types of development can have on municipal revenues and costs in different types of communities (e.g., new growth vs. built-out communities);
How these concepts fit into the context of long-term financial planning and financial models used by finance and budget directors, including the impact on the long-term financial sustainability of communities; and
How to think about these concepts in practice, from a community-wide scale down to site-level redevelopment projects.
Presentations by each of our accomplished panelists will be followed by a Q&A session with attendees.
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, he leads the practice area related to market analysis and fiscal and economic impact analysis. He has led numerous consulting assignments including the market and financial analysis for the revitalization of the lakefront area in downtown Cleveland, the land use and socio-economic forecasts for development along the Elgin-O’Hare Expressway, and the market analysis and debt restructuring analysis for the former Michael Reese Hospital site in Chicago.
Shayne Kavanagh. Shayne is the Senior Manager of Research for the Government Finance Officers Association. Shayne has been developing the practice and technique of long-term financial planning for local government since 2002. In addition to working with local governments in a consulting capacity on financial planning and risk analysis, he is the author of a number of publications on financial planning and budgeting.
Bill Cooney, AICP. Bill is currently the Director of Community Development for the Village of Mount Prospect and has been since 1994. He earned a Bachelor of Arts degree and a Master’s degree in Urban and Regional Planning from the University of Illinois at Urbana. Bill has over 26 years of municipal planning experience, working within the development entitlement process on projects ranging from basic subdivisions to complex, multi-use redevelopment projects.
QUESTIONS: please contact the CMS Board at cms@ilapa.org
PROFESSIONAL DEVELOPMENT CREDITS: CM | 2.0
(visit planning.org to log CM credits, APA event #9121439)