Vision SMTX Comprehensive Plan Adopted 2024

IMPLEMENTATION

KEY FISCAL CONSIDERATIONS A fiscal impact analysis was completed on February 16, 2023 to understand the impact of land use decisions on the City of San Marcos’ long-term fiscal health. The fiscal impact analysis estimated the increase in revenues and expenditures expected to be generated by new development on an annual basis. The analysis primarily focused on the City’s General Fund, which provides funding for major services such as police, fire, streets, and parks. The analysis also considered impacts on other major funds where applicable. More detailed information on the Fiscal Analysis can be found in the Appendices. The analysis estimated impacts in two ways. First, the net fiscal impact of the development pattern envisioned in each Place Type was estimated. The analysis helped identify which Place Types were beneficial to the City’s fiscal health and which locations within the City’s extra territorial jurisdiction (ETJ) are more costly to serve. The analysis illustrates the importance of a balanced land use plan that accommodates real estate market demands, but within land use patterns that are more cost effective to serve. The fiscal impact findings for each Place Type are provided in the Appendix for 2023. The fiscal impact analysis found that the Preferred Growth Scenario produces a net positive annual impact on the City’s General Fund ($3.9 million annually, which is 3.9% of estimated total new annual expenditures). The Preferred Growth Scenario provides for a greater diversity of housing and potential for higher density/intensity employment uses. This growth pattern produces a more cost-effective built environment for the City to serve.

SAN MARCOS COMPREHENSIVE PLAN 2024

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