Local Issues
Forsyth Legislator Recommends School Board Impact Fee Option
January 25, 2024
State Senator Greg Dolezal (R-27) has once again submitted legislation that would allow “High Growth School Systems” to impose impact fees on new growth and development to offset the costs of new educational facilities. Senator Dolezal’s district includes the vast majority of Forsyth County and it is believed that Forsyth County would meet the requirements to be considered a “High Growth School System.”
The legislation limits the amount of time the impact fees may be collected and requires an Impact Fee Advisory Board to be established. This board shall serve in an advisory capacity to assist and advise the local board of education concerning the adoption of an educational development impact fee resolution. The legislation also requires that all fees are to be used in the same areas from which they are imposed.
If passed, this bill will become law only if an amendment to the state constitution authorizing educational development impact fees is adopted by the General Assembly and is ratified by the voters at the 2024 general election.
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The Paulding Board of REALTORS® (PBOR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Paulding Board of REALTORS®
The Paulding Board of REALTORS® (PBOR) has been an instrumental factor in the growth of real estate in Paulding County, Georgia for more than a decade. PBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.