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What impact does economic development have on tax revenue and government costs in your city, county or region? The Federal Reserve Fiscal Impact Tool (FIT) helps local economic developers answer that question by estimating tax gains as well as government costs associated with growth. The software provides a framework for developing a quick estimate of fiscal impact with limited effort and data gathering. FIT also contains city, county and state economic data, including: retail trade data from the U.S. Bureau of the Census, time series on population and per capita income, and historical county and state labor force statistics. Find out how to obtain your copy of FIT by visiting www.federalreserve.gov/community.htm.
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FedCommunities.org is a portal to community development resources from all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.