Vision SMTX Appendix_Adopted 2024_

Economic & Planning Systems, Inc.

APPENDIX C: KEY FINDINGS FROM FISCAL IMPACT ANALYSIS

San Marcos General Fund Model

This chapter details the approach and results of modeling the fiscal impact of residential and nonresidential development on the General Fund for the City of San Marcos. It provides an overview of the components of the General Fund that are impacted by new development, outlines the approach to modeling the impact of growth, and reports on findings of the fiscal impact analysis. A summary of the approach used for the City of San Marcos is provided in Figure 1 . This figure identifies the major General Fund revenues and expenditures that were analyzed.

Figure 1. City of San Marcos Fiscal Impact Model Approach Summary

Revenue Sources

Expenditures

Fiscal Impacts

Scenario Map

General Fund :  Taxes

General Fund :  Net Fiscal Impact by Land Use Type  Current Trends vs Preferred Growth Scenario

General Fund :  Administrative Services  Technology Services  Public Safety  Fire

 Property Tax  Sales/Use Tax  Others  Licenses & Permits  Cultural and Recreation  Charges for Services

 Police  Other  Public Works  Neighborhood Enhancement

 Parks and Recreation  Government Services

New Jobs = Persons Served +

New Households

Revenues This section summarizes the major revenue sources for the General Fund and outlines the approach to modeling the fiscal impact of growth on each revenue source. There are six major categories of revenues within the General Fund and the percent of revenue per source is shown in Figure 2 . Note that the Taxes category is broken out to show property tax, sales tax, and franchise fees/others independently. Sales tax is the largest revenue category, accounting for 41 percent of General Fund revenue budgeted for in the 2023 Budget ($39 million). Property tax is the second largest revenue category, at $29 million or 31 percent of General Fund revenue. As the two largest revenue categories, and with direct connections to growth in the city, these two revenue streams were modeled using the case study approach. The remaining revenue categories were modeled using average revenue factors.

SAN MARCOS COMPREHENSIVE PLAN 2024

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