Quote:
Originally Posted by crash
You read too much Daily Sun impact fees are not taxes. It is a 1 time fee to cover the cost of new roads, fire stations and schools. If the new business does not pay it the tax payers will have to, thus the 25% increase in our taxes. The state just passed a law limiting local government from raising impact fees. This bill was started by a representive employed by the developer at $140,000 a year. Doesn’t seem like the way government is supposed to work to me.
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The Business coming into the area will consider it a tax. They will build into their business plan, amortize over what ever year plan they use and pass the cost to their customers. Did market development in a past life and the financial guys considered all those "fees" as costs and not only passed on to our customers but also with a margin to maintain bottom line profitability. Anything a business pays to anyone is collected from customers with profit. The one time fee is correct, but they don't handle it that way, they recover it over time and we their customers pay for it. By the way, the original house bill was started in 2019 and the current bill was introduced by 9 House member of which Hage was only one.