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What you Need to Know About Development Impact Fees – Part Two Brief History of Developer Fees
In part one of this multi-part series of articles, we discussed what to know and why to know about development impact fees. We discussed that development impact fees are NOT a tax but are, rather, one time charges applied to developments. We discussed why we need these fees and what
CASH May Revision Budget Update
Governor Newsom released the May Revision to his 2023-24 State Budget proposal. The $306 billion total budget includes a $224 billion General Fund. The budget shortfall—estimated to be $22.5 billion in January—has risen to $31.5 billion. The state’s budget reserves have grown to $37.2 billion. The Governor urged restraint and
LAO’s 2023-24 Budget: Multiyear Budget Outlook
“KEY TAKEAWAYS Very Unlikely the State Will Be Able to Afford the May Revision Spending Levels. Under our estimates, the state faces operating deficits throughout the multiyear window, meaning revenues would need to come in above our projections for the budget to be balanced. While the revenues required to balance