The Need for Fiscal Analysis

La Plata’s development pattern does not generate enough revenue/taxes to pay for services and infrastructure. There’s a gap between tax revenues needed to provide Town services and amenities, and the actual maintenance and other costs to pay for these services now and in the future, as town growth continues.  

There is a need to be fiscally sustainable so that service costs align with what citizens and businesses are willing and able to pay for now and in the future. 

There is also a need to re-evaluate the town’s dependency on residential development to fund infrastructure. We need to diversify our tax base, despite limited land area. The right kind of commercial and industrial (do we really need another gas station/car wash, storage?!) development demands fewer services than residential housing.  

References:
La Plata Town Council October 10, 2023 Meeting /Discussion 23:54 - 39:15
YouTube Video

Verdunity Fiscal Analysis Background/Examples

Tate Texas:
Strong Towns Article
Fiscal Analysis/Fiscal Sustainability Policy

La Plata Ward 1 Vacancy Process