City Staff Projects Positive Economic Impact for Cannery
Model Heavily Dependent on Water and Personnel Costs Being Properly Addressed – On Monday the city’s Finance and Budget Commission will receive the preliminary analysis of the Cannery Fiscal Model. Staff writes, “The Cannery development is the first project to have its fiscal impacts modeled with the City’s updated Fiscal Impact model. The fiscal model attempts to create a reasonable representation of the General Fund impacts of new development.”
While acknowledging that “there is no way for a model to completely predict the future,” city staff concludes “on balance, this project would be expected to generate a positive net general fund balance at buildout.”