Authorizes municipal assessment of development impact fees following State guidelines and makes an appropriation.
Impact
The bill is designed to ensure that the burden of new development is borne by developers, specifically in terms of funding necessary infrastructure improvements such as transportation, water supply systems, and educational facilities. By enabling local governments to collect these fees, the legislation aims to create a more sustainable development environment that can accommodate growth without compromising existing public services. Additionally, it excludes low and moderate income housing from impact fees to avoid placing undue financial pressure on affordable housing developments.
Summary
Senate Bill S2508, known as the "Municipal Development Impact Fee Authorization Act," aims to authorize municipalities in New Jersey to impose development impact fees on property developers. The bill recognizes the unprecedented economic growth and subsequent development activities over recent years, which have increased the pressure on existing infrastructure and public services. It mandates that municipalities can only assess these fees if they have a valid capital improvement program and master plan in place, providing a structured approach to managing the funds collected through these fees.
Contention
Notable points of contention regarding S2508 arise from concerns about the potential consequences for housing affordability and development costs. Critics may argue that the imposition of impact fees could lead to increased costs for housing developers, which, in turn, might translate into higher housing prices for consumers. The bill also permits the establishment of a Development Impact Fee Review and Advisory Commission, tasked with overseeing and providing technical assistance for municipalities regarding the implementation of these fees. There is concern from various stakeholders about the adequacy of regulatory measures to prevent unreasonable fees that could further strain housing affordability.
Provides for regional economic and land use impact report and establishes review processes related to development of certain large warehouses; and requires related real property reassessments.
Provides for regional economic and land use impact report and establishes review processes related to development of certain large warehouses; and requires related real property reassessments.
Provides "Highlands Water Protection and Planning Act" exemption, and clarifies municipal planning or zoning authority, for certain development along commercial corridors in Highlands Region.
Provides "Highlands Water Protection and Planning Act" exemption, and clarifies municipal planning or zoning authority, for certain development along commercial corridors in Highlands Region.
Requires State Planning Commission to adopt model ordinance for siting certain warehouses and permits conforming updates to municipal master plans and zoning ordinances and establishes fund in DCA; appropriates $5 million.
Provides "Highlands Water Protection and Planning Act" exemption, and clarifies municipal planning or zoning authority, for certain development along commercial corridors in Highlands Region.
Provides that solar and photovoltaic energy facilities and structures on farmland are not inherently beneficial use, per se, for purposes of zoning approvals.