Sherman City Council votes to fund impact fee study

Published: Feb. 13, 2020 at 12:03 PM CST
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Sherman city council voted Wednesday to fun a study assessing the city's need for impact fees.

Councilman Shawn Teamann says impact fees would require developers to pay a certain amount to offset the impact a new development would have on things like water, sewage and roads.

Teamann says those costs would normally affect taxpayers, but impact fees would cost the developer instead.

"Basically it allows growth to pay for itself if an impact fee were to pass," Teamann said.

The study will cost $150,000.

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