HB743

Establishes a fiscal impact model to assess the long-term revenues and costs of land development projects and regional infrastructure investments.

The bill mandates the development of a fiscal impact model to evaluate the long-term revenues and costs of land development projects and regional infrastructure investments. The model will be created by the office of planning and sustainable development, with support from a steering committee. This committee will include representatives from various county departments. The model will be designed to assess fiscal costs and benefits, compare fiscal productivity of development patterns, and measure the value of new development against proposed entitlements.