I urge you to consider carefully your approach to development application fees this month, and generally your approach to assessing new development for all its impacts – not just on the city general fund but directly on every local resident. These fees are a relatively small step, but we must start somewhere in revising our past practice of embracing growth without regard for the true net financial impact. I appreciate your desire not to reward any deception by city staff in the budgeting process, but the importance of this issue to our future transcends the petty backroom politics.
Current Practice Artificially Stimulates Growth
The impact of new development extends way beyond the city’s general fund. If one dispassionately and objectively adds up ALL the financial impacts of new subdivisions, fees charged don’t come close to covering them. This amounts to a subsidy from the city and the local residents, which serves to distort