Impacts fees are a significant problem in many areas, especially where local governments are searching for income, utilizing impact fees to help balance the local budgets. Many builders are demanding...

IMPACT FEES
The concept of impact fee may be defined as the fees imposed by the municipalities/ local Governments of various infrastructures, upon the property developers.
Impact fees can also prove to be disadvantageous for the developers, as it gives a huge/ significant rise in the cost of large constructions. Although according to researchers, they are efficient in raising revenues & have been proved far better than property tax, which often fails to provide sufficient funds (Bauman & Ethier, 1987).
In California, impact fees, through 2018 has yield $28,000, which was used for various...