2020 Impact Fee Collections Released in IFO Report

A report released yesterday by the Independent Fiscal Office contains the actual impact fee collections for 2020, a significant portion of which will be released to impacted townships by July 2021. Public Utility Commission reported revenues are $146.3 million for 2020, Collections were down $54.1 million, or 27%, compared to 2019. Actual distributions are not yet available, but are expected to be posted to the PUC’s interactive website in the near future. This funding reduction is eligible for inclusion in your calculation for ARP replacement revenue.