Government policies influence people's decisions on whether, where, and how much to work, save, and invest, impacting the ability of states to retain and attract residents and businesses. Research has shown that pro-growth policies result in higher after-tax returns, increased economic activity, and an eventual improvement in overall state fiscal health.
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...