Impact fees are charges on new development to pay for capital improvements (such as parks, schools, roads, etc.) that are needed due to the new development.
Traffic impact fees are collected to improve the transportation system to accommodate the higher travel demand added by new development.
The Revised Code of Washington (RCW 82.02.050) defines traffic impact fee programs as intended to:
- ensure that adequate facilities are available to serve new growth;
- establish standards by which new growth and development pay a proportionate share of the cost of new facilities needed to serve new growth and development;
- and ensure that impact fees are imposed through established procedures and criteria so that specific developments do not pay arbitrary fees or duplicative fees for the same impact.