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Who pays for the cost of growth in Airdrie?

Airdrie COST growth pays
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Who pays for the cost of growth in Airdrie?

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New subdivisions do add expenses to the tax rate supported budget when the City begins to provide services which all citizens benefit, such as police and fire protection, and water and sanitation. However, the property owners in the new subdivisions also pay property taxes into the City’s general revenues. Their tax dollars contribute to paying for City services, including the maintenance and replacement of infrastructure in all communities. When a new subdivision is developed in the City of Airdrie, many of the direct on-site costs of servicing the new subdivision are initially paid by the developer, and are passed on to the new homeowner in the price of the lot. Local services such as streets, sidewalks and lanes are all paid for entirely by the developer and are installed to the City’s specifications. These services are only taken over by the City when they have been inspected and accepted as meeting the City of Airdrie’s standards. Developers must also provide up to 10% of the deve

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