Fees on New Development - Definition & Meaning

Fees on new development, also known as development impact fees or impact charges, are charges imposed by local governments or municipalities on developers and builders to help offset the costs associated with the increased demand for public services and infrastructure resulting from new construction projects.

Key points about fees on new development include:

Purpose: These fees are intended to fund the expansion or enhancement of public facilities and services that will be required to accommodate the needs of the additional residents or businesses in the area due to the new development.
Types of Fees: Fees on new development can cover a wide range of services and infrastructure, including schools, roads, parks, water and sewer systems, emergency services, and more.
Calculation: The calculation of these fees often takes into account factors such as the size and type of development, its expected impact on public services, and the cost of providing necessary infrastructure.
Legislation: The authority to impose and regulate development impact fees is typically granted by state and local laws and regulations.
Public Benefit: The funds collected from these fees are intended to benefit the community as a whole by ensuring that new development contributes to the cost of necessary public services and infrastructure.

In the context of education, fees on new development may be allocated to fund the construction or expansion of schools to accommodate the increased student population resulting from residential development in the area.

Other Terms Starting With F

FAFSA

FAFSA stands for Free Application for Federal Student Aid. It is a form used by students in the United States to apply for financial assistance, including grants, work-study opportunities, and loans, to help cover the costs of higher education.

Formative Assessment

Formative assessment is an ongoing, interactive, and iterative assessment process used by educators to monitor student learning and provide timely feedback during the instructional process.

FERPA

FERPA stands for the Family Educational Rights and Privacy Act, a federal law in the United States that protects the privacy of student education records.

Flipped Classroom

The flipped classroom is an instructional approach that reverses the traditional sequence of learning activities.

Flexible Class

A flexible class, also known as a flexible learning environment, refers to a classroom setting or educational approach that emphasizes adaptability and responsiveness to the diverse needs and preferences of students.

Face-to-face learning

Face-to-face learning, also known as in-person learning, refers to the traditional mode of education where students attend classes physically in a physical classroom setting with their teachers and peers.

Faculty Member

A faculty member, also known as an academic faculty or professor, is an educator and scholar who holds a teaching and/or research position at an educational institution, such as a college or university.