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Committee recommends 1.6% increase to development impact fees, effective July 1
Summary
The committee recommended city council approve a 1.6% adjustment to development impact fees based on the Construction Cost Index; staff reported a combined balance of about $6.1 million in fee accounts and said outreach produced no objections.
The Salinas Finance Committee voted to recommend that city council increase the city's development impact fees by 1.6%, citing the Engineering News-Record construction cost index.
Adriana, the community development director, said the requested 1.6% adjustment is consistent with the Engineering News-Record published January rate comparing January 2024 to…
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