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How do impact fees benefit existing, as well as new residents?

April 26, 2017benefit existing fees impact residents

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How do impact fees benefit existing, as well as new residents?

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The adoption of impact fees reduces pressure on local residents to raise taxes and fees. In addition, if new development pays for its own capacity-enhancing infrastructure needs, any current funds that have been designated to pay for those projects can be shifted to the more immediate needs of existing residents, such as for facility maintenance and rehabilitation.