Page 207 - Littleton, CO Comprehensive Plan

Fiscal Impact Analysis
The City of Littleton, CO

LEVELS OF SERVICE

Cost projections are based on the “snapshot approach” in which it is assumed the current level of
service, as funded in the City’s FY2019 budget, will continue through the projection period. Current
demand base data was used to calculate unit costs and service level thresholds. Examples of demand
base data include population, dwelling units, employment by industry type, and jobs. Note that the
“snapshot” approach does not attempt to speculate about how levels of service, costs, revenues, and
other factors will change over 20 years. Instead, it evaluates the fiscal impact to the City as it currently
conducts business under the present budget.

The service level, revenue, and cost assumptions utilized in this analysis are based on on-site
interviews and follow-up discussions with City staff; an analysis of the City of Littleton’s Fiscal Year
2019 (“FY2019”) Budget; the 2018 Comprehensive Annual Financial Report; the Littleton Museum
Strategic Plan; the Parks, Recreation, and Trail Master Plan; the 2019 Facilities Assessment; the
Littleton Housing Study; and other relevant documents. Additionally, our assumptions were informed
by our fiscal experience conducting over 800 FIAs. We also coordinated with the other members of
the consultant team.

General items to note are as follows:

▪ City property tax is modeled based on the cumulative assessed value of projected
development. We projected property tax revenue using the future mill levy 2.000 mills per
$1,000 of assessed value, rather than FY2019 mill levy of 6.662.
▪ Impact fee revenue is modeled based on projected development under the land use scenarios
defined previously in this report.

▪ We utilized population and jobs as the demand bases when calculating levels of service for
transportation infrastructure. Because the transportation capital costs identified in the
Transportation Master Plan (“TMP”) are necessary to attract and support the growth
projected in the Comprehensive Plan they align with Scenario 1: Trend (Residential Emphasis).
Note that Scenarios 2 and 3 differ from the trend scenario in their population and employment
projections; thus, the transportation capital costs projected in Scenario 2 and Scenario 3 differ
from the cost number identified in the TMP.
Specific assumptions pertaining to any unique treatment of any other revenue and cost factors are
discussed where relevant throughout the body of this report.

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