Fiscal, Finance, & Budgeting
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Special Tax/Revenue Bonds | Repaid from earmarked taxes or user charges
🗑
|
||||
| Private Activity Bonds | Repaid with receipts from private firm
🗑
|
||||
| Performance Bonds | Required by City & County gov conver offsite public improvement obligations associated with commerecial & residential developments.
🗑
|
||||
| Impact fees & tax increment financing | Used to pay for capital projects
🗑
|
||||
| Revenue bonds | usually pays for parking garages, swater and sewer systems, landfills etc.
🗑
|
||||
| Capital Improvement Progamming | one way to implement comprehensive plan
🗑
|
||||
| Capital Improvement Program (CIP) | prepared by planning director or planning commission, use collaboration-consensus building.
🗑
|
||||
| Community Development Block Grants | Administered by HUD on formula basis for entitlement communities and by State Dept of Hsg & Community Development (HCD) for non-entitlement jurisdictions. Came about after Housing & Community Development Act of 1974.
🗑
|
||||
| Community Development Block Grants | Eliminates blight, slums, health & safety issues,provide decent home to evey family, rational use of land, reduce isolation of income groups, economic opportunity for low and moderate income, Cities with 50,000 pn+, low & moderate pn, prepare a HAP
🗑
|
||||
| Growth Management goal 1 | protect lands that provide public & quasi public goods
🗑
|
||||
| Special Assessment Districts | Area subject to special prop tax assessment for financing special improvements in district.
🗑
|
||||
| General Obligation Bonds | Repaid from general taxes
🗑
|
||||
| Growth Management goal 2 | Accommodate Development needs
🗑
|
||||
| Urban growth boundaries (UGB) | Identifies when/where land available for development 20-25 yrs growth in employment & population.
🗑
|
||||
| Urban Service Areas (USA) | Geographic areas targeted for new or improved infrastructure or for public fac. & urban services next 5-10 yrs.
🗑
|
||||
| Intermediate Growth Boundaries (IGB) | Formed within Urban growth boundaries (UGB) where development channeled over time.
🗑
|
||||
| Urban Reserve Boundaries | define land outside UGB which free for development should UGB expand.
🗑
|
||||
| Growth Management goal 3 | Provide adequate public facilities and services at minimum cost & distribute costs equitably.
🗑
|
||||
| Growth Management goal 4 | Distribute the burdens of and benefits of growth fairly- communities share plan, finance & manage; use regional approach; housing; share wealth, lulus.
🗑
|
||||
| Growth Management goal 5 | Prevent or mitigate negative and foster positive externalities- separation of incompatible land uses; containment of urban dev; use zoning & buffers.
🗑
|
||||
| Growth Management goal 6 | Provide admin efficiency-streamlined permitting procedures; streamlined judicial review.
🗑
|
||||
| Cost-Effectiveness Analysis | Used to compare & advocate policies by quantifying total costs & effects. Costs measured iin monetary terms; effects measured in units of any type.
🗑
|
||||
| Cost-Revenue Analysis | systematic comparison of two money flows.
🗑
|
||||
| Fiscal Impact Analysis | Detemines whether project generates sufficient revenues to offset cost of public services. similar to cost-revenue but CR broader application-impacts on public service. FI-fiscal implications of cost of public services & infrastructure.
🗑
|
||||
| Municipal Financing Methods | lease purchase; special assessments; special districts; state & federal grants; tax increment financing.
🗑
|
||||
| Economic Development dimensions | Employment, development base, location assets, knowledge resources.
🗑
|
||||
| local economic development stratgegy | locality development, business development, HR devlopment, community development
🗑
|
||||
| Exaction | contribution or payment required as authorized precondition for receiving a development permit-mandatory dedication or fee-in-lieu of dedication reqmts.
🗑
|
||||
| Windfall tax | tax on a financial benefit conferred on a property owner as a result of a publlic action. Recapture windfall profits by the public.
🗑
|
||||
| Revenue forecasting | Requires understanding of past, an object view of future & intuitive feel of future.
🗑
|
||||
| Budget | Allocating & spending tax $ to provide services to the public that woulod otherwise have to be provided by themselves. Series of goals with price and priorities.
🗑
|
||||
| Operating Budget | Everyday expenditures for salaries, supplies, and maintenance.
🗑
|
||||
| Planning programming budget system (PPBS) | Technique that organizes budget so it relates to a goal or activity.
🗑
|
||||
| Zero Base Budgeting | Budget starts from scratch every year.
🗑
|
||||
| Taxes | Generate revenues to finance govt goods & services, redistribute income, reduce income and spending when overall demand is excessive.
🗑
|
||||
| Criteria when imposing tax | Fairness, certainty, convenience, efficiency, productivity, neutrality.
🗑
|
||||
| Progressive tax | Tax rate increases as income rises.
🗑
|
||||
| Proportional tax | Tax rate is constant as income rises.
🗑
|
||||
| Regressive tax | Tax rate declines as income rises.
🗑
|
||||
| Current Revenue | Current funds for capital improvements
🗑
|
||||
| Reserve funds | Accumulation of funds for future capital improvements
🗑
|
||||
| General Obligation Funds | Votger approval to sell bonds for capital improvements
🗑
|
||||
| Revenue Bonds | Sell bonds at high interest rates for capital improvements
🗑
|
||||
| Lease Purchase | Private developer pays for capital improvement and municipality "rents-to-own"
🗑
|
||||
| Special Assessments | (blank)
🗑
|
||||
| State and Federal Grants in aid | (blank)
🗑
|
||||
| Tax incremental financing | (blank)
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
Sandy1101