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Post Falls staff reports $5.2 million in impact fees collected for FY2024; spending, balances summarized
Summary
City staff presented the fiscal year 2023–2024 development impact fee report, showing roughly $5.2 million collected in fiscal year 2024 and about $3.5 million spent on roads, parks and public safety; staff said the report is informational and will go to City Council.
A Planner I for the City of Post Falls presented the fiscal year 2023–2024 development impact fee report and reviewed how the city collected and spent impact fees used to finance public capital facilities for new development. The planner said the report is informational and required for any Idaho governmental entity that collects impact fees; no action was required of the commission at the meeting.
According to the presentation, the fiscal year 2024 impact‑fee collections totaled approximately $5,200,000 and expenditures for the year totaled about $3,500,000, paid toward roads, parks and public safety projects…
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