May 20 2008
Raleigh Raises Home Impact Fees
Starting next month, developers will pay double the amount to build an average sized home in Raleigh as city council voted to approve a hike in impact fees on Tuesday. John Kerr and his crew from Kerr Smith Homes worked on a new home in a north Raleigh neighborhood while the council decided to double impact fees on new homes like it.
“All it’s doing is costing us more to develop lots and improve Raleigh, which we have to pass along to the consumer,†said Kerr.
But council members say it’s past time for the increase and say the higher charges bring the city more into line with towns like Cary and Apex.
“Our fees are quite a bit lower than other municipalities that are growing quite a bit faster than us,†said council member Russ Stephenson.
Council member Philip Isley was the only member to disagree with the fee hike.
“I just feel like in my heart we’re setting up the city in tumultuous economic times….for more pain and heartache,’ he said in Tuesday’s meeting.
Looks like the city of Raleigh has decided to suck in as many tax dollars as it can. It needs to feed it’s insatiable appetite to take money from people who want to buy a home to fund it’s special interest projects. Yes, the Raleigh City Council believes that they know better as to how to spend our money than we do.
The city council just punched Raleigh’s economy in the stomach and will somehow blame President Bush as our local economy continues to sink into a recession based on their taxing policies.
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