In an effort to inform development decisions and plan for the fiscal health of the County, and all local governments in the County, Peoria County retained Teska Associates, Inc. to conduct a county-wide fiscal impact model. For the first time in Illinois, all 53 units of government in a county have the same tools to project changes in fiscal health through the year 2050. The model projects revenues and expenses based on a "business as usual" scenario, as well as provides the tools to each unit of government - including municipalities, fire districts, water, sewer, and school districts - to project expenses based on both individual development proposals and forecasted changes in residential, commercial, and industrial development. Teska also compiled projected growth in population and commercial development in GIS for all 53 units of government.
The model was developed as part of the 2008 Peoria County Comprehensive Plan and informed land use planning to be guided by the plan for the next forty plus years. Teska developed the fiscal model for the Plan which was led by Tri-County Regional Planning Commission and Peoria County.
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