Howard County could miss out on $63 million in net revenue over the next six years because of regulations passed by the County Council last year imposing more stringent restrictions on new development.
The number could grow to $152 million over 20 years, according to fiscal impact study released Tuesday by the Howard County Department of Planning and Zoning. The analysis, conducted by Urban Analytics Inc., the University of Baltimore’s Jacob France Institute and Artemel & Associates Inc., found that new development generates more revenue for Howard County than expenditures.
Therefore, less new development results less net revenue to the county. Howard County’s spending affordability committee recommended the study be done.