Business
City of Winnipeg, Mayor Bowman, implemented an Impact Fee a few years ago to help pay for the loss the city was taking on new residential developments. This was an issue because the city approved many new projects and developments quickly in a short time span and because of natural slowness of developing, property taxes were very slow to come in. Builders, developers, and owners, fought and won their case to have the city refund all $30 million on paid fees back to their rightful owners. Fee was 5% of purchase price at time of possession. YouTube: https://youtu.be/ClgtnDS8BWI