Neptune Beach explores impact fees to help fund capital improvement projects

Neptune Beach is exploring new development impact fees to fund future capital projects, part of an effort by city officials to address long-term revenue gaps and debt tied to the city’s utilities. 

Impact fees are one-time charges on new residential and commercial construction collected at permitting. Under Florida law, impact fees can be used only to fund new infrastructure capacity required to facilitate future growth, including roads, parks, water, wastewater and police. State law strictly prohibits municipalities from using impact fee revenue to address existing infrastructure deficits, maintain current facilities or repay existing debt.

Neptune Beach would use the fees to help offset its investment in future infrastructure, allowing it to put more money into debt payments and to shore up its revenue gaps.

Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.