While not perfect, the economic approaches to overcome the economic downturn required a little give and take from all parties: public sector, private sector and interest groups. However, as the country emerged from the recession and the unemployment rate dropped from 9.6 percent in August 2009 to 4.9 percent today, the working relationship between these parties has been tested as many state and local governments shift their attention to mandates and fees over incentives in order to achieve objectives and generate additional revenue.

Key Takeaways:

  • The additional resources were provided to states and local governments through increased funding for the Community Development Block Grants and other similar programs.
  • The same could be said of local efforts to raise impact fees on commercial real estate to generate funds for local projects and initiatives.
  • The commercial real estate industry must remind policymakers of the potential for an excessive fee structure to serve as a deterrent in the development and revitalization of downtown and industrial corridors.

“The additional resources were provided to states and local governments through increased funding for the Community Development Block Grants and other similar programs.”

http://blog.naiop.org/2016/10/local-governments-shift-toward-mandates-and-fees-with-improved-economy/

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