Impact fees exceed Fishers city projections for 2024

The Fishers City Council will receive some good news at Monday’s meeting from City Controller Lisa Bradford – impact fees coming into the city coffers have exceeded the projections for 2024.

Based on City Council Action Forms, Council members will be asked to vote on two measures.  One would add $350,000 to Park Impact Fee funds this year.  The second adds $550,000 t0 2024 road impact fees.

Impact fees are charged to developers by the City of Fishers for developments within the city limits.  The fees go toward infrastructure, in this instance to parks and roads.

Controller Bradford told the City Council Finance Committee last Wednesday the extra impact fee cash was realized due to the timing of certain projects coming online.  She cited the new Kroger store at 116th Street and Allisonville Road as one example.