Albuquerque City Council to mull impact fee change
Posted at: 10/08/2012 8:27 AM
| Updated at: 10/08/2012 8:33 AM
By: The Associated Press
ALBUQUERQUE, N.M. (AP) - The Albuquerque City Council is considering whether to abandon a key principle behind the city's current impact-fee system and instead simplify the way City Hall determines how much to charge developers for the parks, roads and other infrastructure needed to accommodate new growth.
The Albuquerque Journal reports that a proposal that's headed to the City Council this month would do away with the principle that it should cost more to build in newly developing areas.
Under the proposal, the city would, for the most part, go to one standard fee for new development without regard to whether it's happening on Albuquerque's outskirts or in the urban core.
Under the current system, the fees vary widely depending on where the home or business is built.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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