Quote:
Originally Posted by Chellybean
How about the developer reduce his profit margin to pay for the impact fee's HMMMMM is this Greed?
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The Developer's profits would definitely be hit with the imposition of a reasonable impact fee. If he could profitably raise prices to completely cover increased impact fees, he would already be charging the higher prices. (If not, he should fire his CFO for leaving money on the table.)
This is why the Developer packed the Commission to keep his impact fee obscenely low-- by offloading what should be his infrastructure costs on to us, via the 25% tax increase.