Economics of Sound Planning
Economics of Sound Planning
The case for planning and conservation in the Texas Hill Country is clear when we think about water resources, scenic beauty and quality of life. However, since economic benefits are often used to argue for growth at all costs, it is also important to analyze the economic value of conservation activities and existing natural landscapes. Measuring the economic benefits of thoughtful growth and conservation policies can be challenging — how does one measure the dollar value of a clear creek or a nearby network of hiking trails? We also seek to find a rightful place for economics within a larger conversation about what we value in our communities. The studies found on this page take a look at variety of related topics such as the value of parks, the cost of infrastructure, the economic effects of tourism and how investing in land conservation pays off.
Some key findings from existing studies on planning economics include:
- The amount of property tax revenue from residential sprawl is not enough to cover the costs associated with new infrastructure. This means that current taxpayers subsidize new development.
- For every dollar Bandera County receives in taxes from farm and agricultural lands, it spends $0.26 to service the same area. Yet, in residential areas, the county spends $1.10 in services on every dollar received in taxes.
- For every dollar put into parks by the LCRA and Travis County, $16.80 was returned in benefit.
- While most other states allow counties to collect fees from developers to help offset the cost of new development, Texas does not.
- Texas leads the nation in loss of prime agricultural farmland to development.
- The real estate market consistently demonstrates that many people are willing to pay a more for property located close to parks and open space areas. The higher value of these residences means that their owners pay higher property taxes. In effect, this represents a “capitalization” of parkland into increased property values for proximate landowners.
- Conservation-oriented areas show higher appreciation in property values.
- Residents value undeveloped lands primarily for their wildlife habitat and water quality protection.
- In 2008, visitors to state parks from outside Texas added $15.7 million to the gross state product.
Recent Economics of Sound Planning News
Laurel Porter knows her corner of Northwest Bexar County so well she could draw a map of it with her eyes closed. Just south of Boerne, sloping valleys and chalky canyons line twisting roads that pass by the cities of Grey Forest, Helotes and Fair Oaks Ranch. Since...
Texas A&M University at Galveston Professor Sam Brody testified in a recent U.S. Senate hearing on reauthorization of the National Flood Insurance Program (NFIP), urging the committee to not only reauthorize the program, but expand it using existing sources,...
At a time when Texas continues it’s massive population growth, yet is experiencing declining water supplies and persistent drought, it is apparent that water remains the limiting factor to maintaining and growing our vibrant Texas economy. Over the decade from 2010 to...
Since last year, staff members at the Land Trust of Virginia have fielded phone call after phone call from landowners seeking to set aside their property for conservation. “We’re getting calls like crazy,” said Sally Price, executive director of the nonprofit, which...