Here are the road impact fees that have been in place since Oct 2020. The Consumer Price Index in Oct 2020 was 260. It is now 315, an increase of 21%. But the impact fee increase is only 12% falling well behind the inflation rate. Does anything think the cost of road construction is running behind the inflation rate?
From the end of 2020 just through the first quarter of 2023 the road construction c
ost increased 53.8%
210 Single Family (Detached) Du $2,666 increased to 2999 an increase of 12%
220 Multi-Family Housing (Low-Rise, 1-2 floors) Du $1,911 to 2152
221 Multi-Family Housing (Mid-Rise, 3-10 floors) Du $1,419 to 1596
222 Multi-Family Housing (High-Rise, >10 floors) Du $1,166
240 Mobile Home Park Du $979 to 1101
251 Retirement Community (detached) Du $972 increased to 1094
252 Retirement Community (attached) Du $552 increased to 621