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DrafF 14. Subregional Planning Element <br />rather than primarily strategic location or low costs, Tri Valley must have a strong innovation <br />`habitat' - a combination of talented people, a strong pipeline of ideas and funding, and <br />supportive place-based attributes such as housing, transportation and quality of life." <br />To continue this economic success, the Tri-Valley area must ensure an adequate supply of affordable <br />housing within a reasonable commuting distance of Tri-Valley jobs. One of the strategies <br />recommended in the Tri-Valley Business Council's report is to reduce the impediments to retaining <br />innovative talent in the Tri Valley by improving housing affordability. <br />Fiscal Revenues <br />In recent years it has become increasingly difficult for local governments to collect adequate revenues <br />to cover the costs of providing services to residents and businesses. The amount of revenues available, <br />especially from property taxes, has been substantially reduced, while the cost of providing services has <br />continued to increase. As a result, local governments have come to rely more heavily on other sources <br />of revenue, thus altering their approach to land-use planning and development. <br />Some local governments are now tending to place a greater emphasis on the fiscal impacts of land use <br />decisions and a reduced emphasis on creating balanced communities. Many have encouraged <br />commercial development in order to increase sales tax revenues, or have sought industrial or high-end <br />residential development which tend to bring in greater property tax revenue. The push for revenue- <br />generating development has encouraged rapid urban expansion, and has created competition among <br />jurisdictions fox projects. Among the consequences are a lack of affordable housing, and traffic <br />congestion because of the long commutes between housing and jobs. <br />SUBREGIONAL GOALS, POLICIES, AND PROGRAMS <br />The following goals, policies, and programs, in addition to those contained in other Elements, <br />constitute an action program to implement the objectives described in this Element. <br />Subregional Planning 060507, clean 14-14 City Council 6/5/2007 <br />