UPDATE --- August 25th 2016
On Wednesday, August 24th, Carson Bise of Tischler/Bise conducted a workshop on the proposed Educational Impact Fees. This meeting was held at the County Administrative Complex, 1320 West Main Street in Franklin.
The Power Point presentation is available for your review at the link below
Impact fees are one-time payments used to fund capital improvements necessitated by new growth. This type of fee has been utilized by local governments in various forms for at least 50 years. Impact fees have limitations and should not be regarded as the total solution for infrastructure financing needs. Rather, they should be considered one component of a comprehensive portfolio to ensure adequate provision of public facilities with the goal of maintaining current levels of service in a community in the face of new growth. Any community considering impact fees should note the following limitations: