Are Impact Fees the Best Way to Fund New Roads or Schools?

Consider the Cost of Impact Fees:

• Every $1,000 increase in the cost of a median-priced new home deprives more than 246,000 families of the opportunity to purchase a home.

• Impact fees are an undependable source of revenue, fluctuating severely with the economy's booms and busts.

• Lower income buyers are disproportionately affected by impact fees.

Did you know that impact fees CANNOT be used to maintain roads, schools, parks, libraries, etc.?  Their use is tied to growth and limited to NEW capital facilities or capacity.