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Does a home builder/developer pay money to help schools? What are Impact Fees?

April 26, 2017builder Developer fees help Home impact money pay schools

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Does a home builder/developer pay money to help schools? What are Impact Fees?

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Developers in Pierce County and Tacoma pay impact fees. They are assessed on new construction to offset some of the costs of accommodating growth caused by the new construction. The Tacoma School District has used these funds to purchase school portables and for the planning and design of new schools.