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Broomfield staff roll out new long‑range financial model to map fiscal impacts of land‑use decisions
Summary
City economists presented a four‑year effort to build a repeatable, policy‑focused long‑range financial plan that models land‑use mixes, development agreements and revenue scenarios through 2055; council asked for scenario testing, GIS heat maps, and integration with budget documents and consultant review.
Broomfield staff on Tuesday introduced a new long‑range financial plan (LRFP) intended to give the City and County more repeatable, data‑driven fiscal analysis of land‑use choices.
Jeff Romine, an economist with the city and county of Broomfield, told the council the LRFP is “not a budget model. This is a decision support tool,” designed to show how different land‑use mixes, development agreements and market variables alter fiscal outcomes over 5, 10, 20 and 30‑year horizons. He said the model breaks land uses into eight types across more than 300 geographies and includes about 10 adjustable market variables.
The plan aims to capture the cumulative fiscal effects that staff said were previously treated as one‑off decisions: development agreements, revenue‑sharing structures and capital investments such as bonds and CIP. Romine offered an example of the per‑household fiscal picture and said staff will publish memos and a more interactive policy interface later this year.
Council members pushed for clarity about how the LRFP treats approved PUDs and concept reviews, whether the model produces ranges of outcomes, and how demographic and neighborhood evolution are incorporated. Romine said the model uses approved or formally proposed land uses as inputs and that staff have engaged external experts — including former state demographer Elizabeth Gardner and consultants with AECOM — to review the model’s economic assumptions.
Staff committed to regular updates (some quarterly, others annually), a dashboard and GIS heat maps that trace where approvals have shifted land from commercial to residential. They also said the LRFP’s findings will be summarized in the annual budget’s long‑range financial plan section so council and the public can track revisions over time.
Council members said they welcomed a tool that shows the long‑term tradeoffs of approving new housing or commercial projects but emphasized the need for clear, digestible outputs rather than overwhelming detail. Romine said staff will return with additional documentation and a policy interface that allows leadership to run scenario tests before July.
The council did not take a formal vote; staff said the LRFP work will continue and that more detailed memos and demonstrations will be provided to council members in coming weeks.
