impact fees

impact fees

Fees imposed by local government on new construction projects in order to compensate the government for the increased costs of delivering services. Impact fees can sometimes be extremely high,having the result of chilling development.

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The City of Largo is requesting proposals for consulting services for wastewater utility rates, wastewater impact fees, and stormwater utility rates.
Impact fees have long been an option that local governments consider when planning for how they will pay for infrastructure needs and their capital facilities plans, as required by Washington State's Growth Management Act.
Local governments are allowed by state law to charge impact fees for transportation, parks and schools.
But the real estate industry has pushed back, arguing that the higher water impact fees force developers to shift the added costs to home buyers, or to take their business elsewhere.
and creates a "preponderance of the evidence" standard of review for challenges to impact fees.
The city of Laconia is considering imposing impact fees on to developers.
But the one thing that hasn't changed significantly is the cost of a residential building permit--and the associated impact fees.
However, over the past 40 years, local governments have increasingly turned to private revenue sources by imposing impact fees and exactions on new development.
The cost of doing business in Fayetteville could be going up thanks to road impact fees and it's no surprise local developers have lined up against the idea.
The report also includes specific ways that apartment industry leaders can become involved in the decision-making processes to ensure that impact fees are assessed fairly.
Lacy paid about $1,700 in city impact fees when he rented and revamped a section of the South A Street building constructed for retail use in 2004.
Impact fees are a more efficient way to pay for infrastructure than general taxes, increase the supply of buildable land, have complex effects on housing prices, and do not slow job growth.