City Impact Fees. Shifting the Burden from Ratepayers & Property Taxpayers

Where are impact fees being considered? Waco TX

What factors contributed to impact fee discussion?

• economic growth
• population growth

What are impact fees?

• onetime charge
• imposed on new development
• funding infrastructure such as roads, water & sewer lines required to serve the new development

How does this shift a burden from rate payers and taxpayers?

• Downtown and long established residents aren’t footing the bill for new development infrastructure
• Its a work around property tax revenue limitations
• Those who are paying the impact fee, benefit directly from the fee

Waco Tribune-Herald Editorial | EDITORIAL: Impact fees overdue amid vigor of local growth