Supervisors Vote to Cut County Transportation Impact Fees
The County Board of Supervisors voted to reduce its Transportation Impact Fee Program by $500 million. The major reduction is due to its new General Plan that directs future growth closer to existing towns and infrastructure resulting in a less expansive road network.
Supervisors voted unanimously to approve the BIA preferred option that creates a built in credit program for residential and non-residential developments and reduces the total program costs from $935 million to $420 million. Fees will drop an average of 45% county wide with the North County region experiencing the largest reduction of 60%.
The board directed staff to return with an ordinance within 120 days and to work with the regulated community to ensure the plan is consistent with the mitigation fee act that prevents jurisdictions from overcharging for project impacts.
This entry was posted on Thursday, June 28th, 2012 at 2:36 pm and is filed under CEO Connection. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.