Why isnt the district getting money from developers through impact fees to cover the cost of building new schools in growing areas?
A. Public school districts are not legally authorized to impose or collect impact fees. Governmental agencies are empowered to do so. Central Valley School District serves a geographic area under the jurisdiction of three governmental agencies: City of Liberty Lake, City of Spokane Valley and Spokane County. The district is currently in discussions with these agencies about impact fees. If residential impact fees were collected, a one-time revenue infusion of approximately $1500 $2000 per home, or $450,000 – $600,000 for a new 300-home development would be generated. This revenue would typically cover less than 5% of the cost of a new school building.
Related Questions
- How will I know how much money to put aside to cover the cost of stamp duty, legal fees and other costs associated with the purchase?
- What is the additional cost of building a branch library at Arlington Mill and where would the money come from?
- Do any builders and developers support the use of impact fees?
