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Fiscal Tools
Implementation Tools : Fiscal Tools
Local governments are authorized to use many types of fiscal tools in providing local services and facilities. These range from capitol improvements funding through bonding, to assessments on benefiting properties, development and user fees for those directly using particular services/facilities, and general property tax levies for general operations.
Capital Improvement Program/Public Land Acquisition
A community's major investments in facilities and land is laid out in its capital improvement program (CIP) which sets forth priorities and timing for proposed major expenditures over a five to ten-year period. Acquisition of land for public purposes, such as sites for parks, schools, etc. is typically planned and budgeted through a CIP.
Key considerations for public acquisition
Successful use of the public acquisition tool as it relates to natural resources requires that a community be very clear about its goals for property acquisition (see the 5 functional categories of open space). A common pitfall is that a parcel will go up for sale and the community will purchase it, based on a wide variety of community values regarding the site, without first defining how that land will be used in the future. The community is also responsible for developing and implementing a management plan for any site they acquire (see Public Facilities and Management Plans).
A natural resource inventory allows the community to prioritize sites and develop a plan to acquire them. Having the inventory and plan in place allows the community to take quick and decisive action once a parcel goes on the market.
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Overview |
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Resources & Links
©2004 State of Minnesota, Department of Natural Resources.
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