Texas’ local governments use economic development policies more than ever. Widespread economic development use has been spurred on by the pressures of a competitive environment between localities and the ability to negotiate in closed session.
Growing Pains: The Cost and Contribution of Impact Fees in Texas
Texas’s rapidly growing population requires new infrastructure and improvements, which oftentimes come at great expense. To fund these projects, local officials often impose impact fees on new development—but their use comes at a cost. Key points: Texas is the fastest-growing state in the nation. As such, it has robust infrastructure requirements. To help finance capital...