Language in SB 18 should be changed to allow property owners to repurchase their property if the development of the property for the public use for which it is taken has not begun within five years or if the public use for which the property is taken is not in operation within 10 years of the taking.
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...