Burlington increases fees on developers to protect local taxpayers
Published March 25, 2022 at 11:20 am
It’s going to cost developers more to build in Burlington.
At this week’s council meeting, the City of Burlington made several changes the fees charged to developers in order to minimize the impact on existing taxpayers.
The changes include the removal of a 10 per cent deduction for soft services (e.g. park and recreation services, library services and studies) and updates to development charge eligible capital cost estimates to reflect revised cost estimates for transportation, parks and recreation, storm drainage, library and studies.
In addition, the city incentivized non-profit housing development by providing an exemption to those fees.
“This update will bring additional revenue to the City to help pay for the new infrastructure and services that a growing community needs,” said Mayor Marianne Meed Ward. “This helps protect taxpayers from subsidizing development, so growth better pays for growth.”
Development charges are fees imposed by municipalities on development and redevelopment to help pay for the cost of infrastructure required to provide municipal services to development such as roads, transit, storm drainage, parks and recreation centres.
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Updated development charge rates will be effective April 1, and include the annual indexing based on the Statistics Canada Quarterly Construction Prices Statistics.
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