I have talked about fiscal impacts from development in a previous Oct 22, 2023, podcast The Need for Fiscal Analysis, and La Plata Ward 4 Video Update, Fiscal Impact Analysis Examples, February 2023.
I want to talk about this again, given the ongoing development of Pinegrove, which includes two commercial/office development areas, both located on the north side of Roswick Road. One site is 22 acres (Parcel P), while Parcel Q is 82 acres, proposing retail/office space, and residential units.
This is an opportunity to diversify our tax base, reducing dependency on residential growth for needed tax revenues. This is a goal from our 2022 Strategic Plan: “Strategically grow the geographic property and economic tax base with a balance of residential, commercial, and industrial growth.”
References:
DATE EVENT
Tuesday, January 30, 2024 - Budget work session
Wednesday, February 07, 2024 - Budget worksheet available to Department Directors.
Friday, February 23, 2024 - Deadline for all Department Directors to complete FY 2025 budget worksheet(s) for review by the Town Manager and Treasurer.
Monday, March 04, 2024 – Thursday, March 14, 2024, The Town Manager and Treasurer meet with Department Directors to align
their budgets with service priorities and available resources.
Friday, March 22, 2024 - The Town Manager transmits the Proposed Budget for FY 2025 to the Council.
Tuesday, April 09, 2024 - Town Council Regular Meeting - Budget discussion focusing on General Funds.
Tuesday, April 16, 2024 - Town Council Regular Meeting - Budget discussion focusing on Enterprise Funds (Water, Sewer, Stormwater Management, Trash/Recycling)
Friday, April 12, 2024 -
1. Publication of notice of public hearing on Constant Yield Tax
Rate scheduled for April 23, 2024
2. Publication of notice of public hearing on Fee Schedule
3. Publication of notice of public hearing on Financial Plan
Budget
Tuesday, April 23, 2024, Town Council Regular Meeting -
1. Public Hearing and Public Comment on Constant Yield Tax.
2. Discussion of fee schedule.
3. Discussion of any outstanding budget items.
4. Introduction of Ordinance for FY 2025 Tax Rates.
Tuesday, May 14, 2024, Town Council Regular Meeting -
1. Public Hearing and Public Comment on FY 2025 Fee
Schedule.
2. Public Hearing and Public Comment on FY 2025 Financial
Plan Budget
3. Introduction of Ordinance adopting the FY 2025 Fee Schedule.
4. Introduction of Ordinance adopting the FY 2025 Financial Plan
Budget.
5. Adoption of Ordinance for FY 2025 Tax Rates
Tuesday, May 21, 2024 Town Council Regular Meeting - Adoption of Ordinances for FY 2025 Fee Schedule and Financial Plan Budget.
This concludes this latest La Plata Town Council Ward 4 Update. I hope you find this podcast informative and useful.
Let me know what you think. I look forward to your questions and comments.
My email address is djenkins@townoflaplata.org
Talk to you soon!