This article defines impact fees, as well as discusses alternatives to imposing impact fees. The author then discusses an Ohio case which provides a comprehensive analysis of the attacks usually launched against impact fee laws. For those states or municipalities considering developing their own impact fee system without specific state authority, the statute implemented by Texas is examined in detail as a working model. Exactions are payments made by a developer to local governments for the right to proceed with a project. Exactions can include development fees, the dedication of public land, the construction or maintenance of public infrastructure, or the provision of public services.
Developers complain that exactions have become excessive, stifling economic growth.
Government officials argue that these levies are essential to growth. Although California leads the nation in imposing fees on new residential development, little is known about their nature, for example, the extent to which they are passed on to consumers in the form of higher home prices. This volume presents an econometric analysis of development fees in Contra Costa County in the San Francisco Bay area that has experienced rapid growth in recent decades. 80p. The Utah State legislature recently outlawed educational impact fees. Written for members of the building industry who need to understand and respond to local impact fee initiatives, this covers the basic facts and guides the reader to additional sources of information on impact fees, including legal and economic aspects, political and public relations strategies, feasible alternatives and other technical issues.