Webinar to focus on reverse fiscal impact analysis in hazard mitigation planning

UNIVERSITY PARK, Pa. — A webinar on how local municipalities can use reverse fiscal impact analysis to assist in hazard mitigation planning will be the topic of a web-based seminar offered by Penn State Extension on May 17. 

Presenting the 75-minute webinar from noon to 1:15 p.m. will be Steven L. Nelson, of Eastwick Solutions & Econsult Solutions. "Using Reverse Fiscal Impact Analysis in Pre-Disaster Planning" is part of Penn State Extension's Winter/Spring Land Use Webinar Series that concludes May 17. 

"Fiscal impact analysis is commonly used to determine the impact of land development on municipal, county or school budgets," Nelson said. "However, with a few tweaks, it can also be used as part of pre- or post-disaster planning and hazard mitigation planning to determine the impact of property buyouts on these same budgets, and is thus called a 'reverse' fiscal impact analysis."

Planning for disasters involves social, environmental and fiscal issues and will require various adaptation strategies, including property buy-outs. Property buy-outs of frequently flooded and other vulnerable properties often are opposed by local governments in the belief that any loss of tax ratables will be a fiscal cost to them. 

However, a full analysis that includes a reverse fiscal impact analysis will quantify revenue loss, as well as cost savings due to fewer services being provided, and can be used by decision makers in making more informed decisions. This webinar will provide a practitioner's guide to performing a reverse fiscal impact analysis and case studies from flood-prone communities.

The webinar series also included the following topics (all of these programs are recorded and available for viewing): 

— "Intergenerational Places and Spaces to Build Meaningful Relationships"

— "The Subdivision and Land Development Review Process in Pennsylvania"

— "Pipelines and People: How Communities Can Better Understand and Manage Pipelines"

— "Planning with School Districts: A Neighborhood Model Approach"

The cost of the webinar series is $40 for all five and $75 for all five for those who want to receive certification maintenance credits from the American Planning Association or for professional engineers. 

In addition, registered landscape architects can receive continuing education credits for a fee of $45.

For more information, contact Peter Wulfhorst at 570-296-3400 or by email at ptw3@psu.edu. To register for the webinars, visit http://agsci.psu.edu/land-use-webinar.

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Last Updated May 19, 2017