2005 HB 805 Local Government Use of Impact Fees

CVNM Position:

Oppose

Year:

2005

Sponsors:

Daniel Silva

Topics:

Land

Legislative Info:

HB 805 on nmlegis.gov »

Description

Impact fees are tools that local governments use to ensure that developers pay their way and don’t shift the majority of costs of new developments onto existing residents and taxpayers. These fees help pay for the infrastructure to support new development; without them, local governments wouldn’t have the resources to pay for adequate roads, drainage, parks or emergency facilities. House Bill 805 would have severely compromised the ability of local governments to use impact fees to provide infrastructure or ensure equity in sharing the cost burden of new development.

Outcome

Passed House, but defeated in the Senate.