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Horry County presents impact fee study options; staff highlights fund balances and three fee scenarios
Summary
County staff presented an impact fee update showing historical collections, a fund balance and three fee options that would change projected revenues. Staff noted fund balance restrictions and that the board will decide which fee option to pursue at the second reading next week.
Horry County planning and finance staff presented an update to the county's impact fee study and outlined three fee options the council may consider at the second reading next week.
Raj, the presenter, said the county began collecting impact fees in 2022 and that a prior study dated from 2001. He told the commission the collected amounts and fund balances the study shows: "For fiscal year 2025, we collected almost 32,000,000 with interest. The total revenue is 34,000,000, and we spent 13,000,000." He also said the fund balance shown in the presentation was $20,000,000 as of fiscal year 2025 and $17,000,000 as of March 2026, and he explained that impact-fee proceeds are restricted to the project categories for which the fees were collected and must be spent within a three-year window once placed on the CIP.
Raj described three broad options for a new fee schedule: option A (maximum minus transportation), option B (adjusted levels of service), and option C (alternate benchmarking). He said one scenario (the presentation's green/option A line) would produce an estimated $16,000,000 in FY25 revenue under that fee, compared with the current-fee projection shown in the slide. Raj also noted a benchmark example where a 2,000-square-foot home would pay $1,800 under one proposed schedule and $1,400 under another.
Transcript notes: the presentation contains figures and projections that are not entirely consistent within the excerpt provided (for example, the FY25 collection number is stated at one point as "almost $32,000,000" and later slides and discussion reference lower FY25 collection figures under alternative fee assumptions). Staff said the council will determine which option to advance at the second reading.
Next steps: the item requires two public inputs/readings; staff said the council will consider the options at the second reading next week. The chair opened public input; no extended testimony is recorded in the excerpt.
