Impact Fees

Impact Fees

Literature Review on Development Impact Fees

In the Encyclopedia of Public Administration and Public Policy, [1] Wes Clarke and Adam Jones offers the following summary about the topic of Development Impact Fees: Impact fees are one-time charges levied against new development and are earmarked to pay for new infrastructure made necessary by the development. Fees are most commonly used to finance water and sewer systems, roads, libraries, parks, public safety infrastructure, and schools, although some states have limited their use to specific functions and prohibited their use for others. The objective of a fee system is to require new development to fund a portion of the cost of infrastructure it requires, thereby reducing or eliminating the portion borne by existing property owners. In recent decades, the fees have become increasingly popular, especially among rapidly developing communities. The effects of a fee system on development are mixed, encouraging some types, and discouraging others. The incidence of the fees is dependent on local circumstances with existing residents often bearing some cost of the fee system.

Resources

Notes and References

  1. Entry about Development Impact Fees in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

  • Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)

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