Revisions to the city’s development charge by-law came before City Council this month.
I am a long standing supporter of increased development charges to ensure that growth pays for growth. Council approved a rate increase of 71% for residential developments with a two year phase in period.
Unfortunately, the increase is 8% lower than the increase originally recommended by city staff, which I would have preferred.
During the debate, I attempted to swing Council back to the original, higher rate. I also supported a motion to immediately implement the increases – we’ve waited too long as it is. While these motions were unsuccessful, we did fend off an attempt to defer the item.
The increases to the current rates are expected to bring in $170-$250 million in additional annual revenue.