Milton | Fiscal Impact Results for MBTA-C Compliance
Full Build Out
The formula for calculating net fiscal impact of all new development for each scenario:
gross property tax estimate minus municipal cost estimate minus school cost estimate.
Total units | Net Fiscal Impact |
2,586 | $1,075,838 |
Assumes all 2,586 multi-family units of zoned capacity (as estimated in the MBTA Compliance models) are built over time. Highly unlikely scenario intended for comparison purposes.
Rate of Change -
No Parking Required
Total units | Net Fiscal Impact |
971 | $389,542 |
Estimates the potential for likelihood parcel redevelopment over time based on an analytic formula. This scenario does not require parking.
Rate of Change -
Parking Required
Total units | Net Fiscal Impact |
889 | $351,145 |
Estimates the potential for likelihood parcel redevelopment over time based on an analytic formula. This scenario does require parking.
This summary information is drawn directly from RKG Associates’ Impact Analysis of MBTA Districts, commissioned by the Town of Milton.