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7. FISCAL IMPACT RESULTS AND MITIGATION MEASURES This chapter describes the allocation methodology used in the fiscal impact analysis and provides policy considerations and mitigation measures for future growth in the City. Fiscal Impact Allocation by Land Use EPS allocated overall fiscal performance estimates from new growth between land uses based on categories utilized in the General Plan. This allocation is designed to provide a "sense of magnitude"for fiscal performance rather than a detailed estimate. Ultimately, these land uses will not exist in isolation and will depend on synergetic effects with other existing and new development, as further described in the next section. This analysis utilizes several allocation methodologies to distinguish revenues and costs between land uses. These allocation measures are summarized in Table 25 and are described below: • Assessed value: based on the assessed value for new growth in each land use • Population: based on the increase in residents from new growth in each residential land use • Employment: based on the increase in employees from new growth in each commercial land use • Service population: based on the increase in residents and employees from new growth in each land use • Service population and visitors: based on the increase in residents and employees as well as visitors attracted to the City by new growth Fiscal Impact Results New growth is expected to result in a fiscal benefit to the City's General Fund at buildout. This impact is attributed to various uses and is allocated based on the unique drivers most suitable for each item. For example, property tax revenue allocation is based on the assessed value of each land use, while sales tax revenue allocation is based on sales generation methodology.16 On the expenditure side, police cost is allocated based on population, employment, and visitor generation, while park cost is allocated based on resident generation alone. Fiscal impacts by land use are shown in Table 26. These impacts suggest that new commercial uses in the City would likely generate fiscal benefits to the General Fund, while impacts of residential growth vary. 16 This analysis assumes that new regional sales are attributable to retail uses whereas new local- serving sales are predominantly attributable to residential uses based on disposable household income growth. Economic&Planning Systems, Inc. 52 P:\1210001121062Pleasanton\Report\121062Report_FINAL.doc