Source: EFC at University of Louisville
Publication: Development Impact Fees as Planning Tools and Revenue Generators
Date: 2007
Development Impact Fees are a commonly proposed method of raising revenue to help pay for the added costs of new infrastructure and services required as a result of new growth in a community. This practice guide discusses the overarching issues associated with the use of impact fees. Specifically, development impact fees are discussed in their role as a revenue generator and a planning tool. Furthermore, some of the problems associated with the use of impact fees, unanticipated consequence potentials resulting from the use of impact fees, and examples of the real world use of impact fees are also included in this practice guide.