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County study finds modest growth is fiscally positive; faster growth scenarios create long-term deficits
Summary
A TischlerBise fiscal-impact study presented to the Isle of Wight Board modeled three growth scenarios and found the baseline (about 1% annual growth) generates a roughly $10 million net positive over 20 years; higher-growth scenarios produce deficits driven largely by capital costs for schools, fire apparatus and facilities.
Consultants from TischlerBise presented a fiscal‑impact analysis modeling how three growth scenarios would affect Isle of Wight County’s general fund operating and capital needs over a 20‑year horizon.
Julie Herlands, vice president at TischlerBise, said the study used the county’s FY25 budget as a baseline and projected three cases: (1) a base/trend scenario (approximately 0.8–1% residential growth and 0.4% nonresidential), (2) a 2%…
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