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Committee adopts amendment swapping CPI for producer-price index in impact-fee bill
Summary
Senate Bill 133 was amended to use a producer price index by commodity (an input-cost measure) rather than the consumer price index to adjust certain impact fees; supporters said the change better reflects construction costs while opponents warned it could undercut needed infrastructure funding.
The Senate Local Government Committee passed Senate Bill 133 as amended after adopting an amendment that replaces a consumer price index reference with a producer price index by commodity to adjust certain impact fees.
Senator Hertz, who moved the amendment, said the producer price index better reflects input costs for…
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