The fiscal-geographic nexus: An overview of fiscal impact assessment in local policy development

Fiscal impact assessments exist to provide decision makers with the tools to make informed decisions regarding local government finances. Every type of change in a community will have a unique impact on the local economy. This impact cannot be evaluated without careful attention to the particular geographic setting of the study. Unfortunately, geography is currently underutilized in the practice of fiscal impact analysis. This paper argues that the increased application of geographic tools is a key to improving the accuracy of fiscal impact reports.