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Senate Bill 1035 has the supporyt ofthe , which contends new fees and taxes on the struggling real estate and construction industry would further weakejn Arizona’s fragile economy. Arizona cities and towns opposde the plan that would restrict theirf ability to impose charges on new development s and subdivisions and change buildint codes for safety andother reasons. The moratoriums wouldr start June 1 of this year and run througnMay 2012, if the bill is approved. Impac t fees are imposed on developerxs and home builders to help pay for the costs ofgrowt — specifically fee infrastructure and services related to those projects.
But criticss say that money could be spentg on projects not related to theid developments and worry about major fees hikes as cities facebudgetf shortfalls.
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