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Post Falls staff reports about $5.2M in FY2024 impact fees, reserves reported near $16M
Summary
City planner presented the FY2023–24 development impact fee report showing roughly $5.2 million collected in FY2024 and about $3.5 million spent on roads, parks and public safety; staff listed major projects and noted overall balances of about $16.0M–$16.4M, with some slide figures varying.
City planning staff presented the Post Falls development impact fee report for fiscal years 2023 and 2024 and walked the commission through collections, expenditures and project uses.
Planner Paige Hunt said the report, required of Idaho local governments that collect impact fees, summarizes funds that new development pays to support new or expanded public capital facilities. Hunt told commissioners FY2024 collections were approximately $5,200,000 and that about $3,500,000 of those fees were spent on roads,…
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