By Darren DaRonco | Arizona Daily Star
Tucson could lose out on nearly $3 million in fees it charges new developments because it is so far behind schedule in making state-mandated changes to its impact-fee regulations.
The new requirements were enacted three years ago to give cities and counties ample time to meet the August 2014 deadline for having them in place.
City officials don’t expect to have Tucson’s plan in place before Christmas, which means the fees cannot be collected for any new developments that pull permits from Aug. 1 until the plan takes effect.
The city’s loss could turn into an $8,000 or more windfall for people who buy homes during that window of opportunity, if homebuilders choose to pass the savings on to their customers.
