Local Government Finance

Understanding Impact Fees and Exactions in Idaho: A Comprehensive Guide

Understanding Impact Fees and Exactions in Idaho: A Comprehensive Guide

Introduction to Impact Fees and Exactions Impact fees and exactions are critical financial tools employed by local governments in Idaho to accommodate the costs associated with growth and development. An impact fee is defined as a charge imposed on new development projects to help finance the public services and infrastructure that are anticipated to be […]

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Understanding Assessment Levies, Late Fees, and Interest in West Virginia

Understanding Assessment Levies, Late Fees, and Interest in West Virginia

Introduction to Assessment Levies Assessment levies are essential tools utilized by local governments in West Virginia to generate funding for public services and infrastructure. These financial mechanisms allow jurisdictions to impose charges on property owners, based on the assessed value of their properties. The primary purpose of assessment levies is to ensure that sufficient funds

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