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Pleasanton General Plan Fiscal Impact Analysis Final Report 01/16/14 Table S-1: Summary of Fiscal Impacts From New Growth (rounded) Total Item (rounded) General Fund Revenues Property Tax $9,500,000 Property Tax In Lieu of VLF $1,087,000 Document Transfer Tax $124,000 Sales and Use Tax $2,130,000 Business Licenses $529,000 Hotel and Motel Tax $624,000 Licenses and Permits $14,000 Fines and Forfeits $115,000 Franchise Fees $485,000 Miscellaneous Revenue $469,000 Total Revenues $15,077,000 General Fund Expenditures General Government $285,000 Community Development $307,000 Housing $192,000 Economic Development $177,000 Police $3,594,000 Fire(4) $2,303,000 Operations Services Streets $840,000 Parks $2,281,000 Community Services $513,000 Library Services $567,000 Sr. Water/Sewer Subsidy $49,000 Total Cost $11,108,000 General Fund Net $3,969,000 4. Commercial uses result in positive fiscal impacts on the City's General Fund. Retail uses generate the highest fiscal benefits to the City's General Fund, followed by industrial/warehouse, R&D, and office uses. However, the fiscal performance of all commercial development will be driven by strong tenant occupancy and thus tied to broader regional economic trends. As a result, the policy framework should be linked to local employment that would support the increase in the City's commercial space. 5. The City's projected development growth dynamics suggest that new retail would shift a portion of sales from existing retail space. An emphasis on creating additional retail space will not necessarily improve the City's long-term fiscal health if household incomes do not support consumer demand growth or if new stores shift sales from existing Economic&Planning Systems, Inc. 3 P:\121OOO\121062P leasanton\Report\121062Report FINAL.doc