In recent years the school district has used the money to construct new schools which have been needed due to the influx of families here in Pasco County. The school district will make a formal request to the County Board of Commissioners in September.
It will be interesting to see if the other parties that receive impact fee money will also request increases in an attempt to offset the state's recent reforms of the property tax laws. Legislation that was passed will force local governments to freeze taxes for 2008 at the 2007 levels. From that point on they must decrease the taxes from 3% to 9%, depending on how rapidly the property owners' taxes had risen in the past. Future increases will be limited by an index based on the inflation rate. It is believed that this move alone will trim taxes throughout the state to the tune of about $15 billion. Another option that some municipalities will try is to raise service fees for streetlights, emergency services, etc.
Impact fees can affect the prices that builders will need to charge for new construction. Private owners who are building on their own lots will also be hit with these increases if they pass.
For more information you can visit the Pasco County Government website at: http://www.pascocountyfl.net/
You can also call me at: 813-783-4444 or e-mail me at: firstname.lastname@example.org
You are also invited to visit my webpage at: http://jelwell.century21bnr.com
John Elwell - REALTOR
Bill Nye Realty, Inc.
Licensed in Florida