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  • Santa Monica Collected About $4.3 Million in Development Mitigation Fees Last Year

Santa Monica Collected About $4.3 Million in Development Mitigation Fees Last Year

11/19/2020 8:15 AM | Margaret Fulton (Administrator)

Santa Monica collected some $4.3 million in fees in the past fiscal year to lessen the impact of new residential and commercial development, City officials reported this week.

Most of the fees collected -- about $2.8 million -- will be used to fund transportation improvements, according to a report that will be presented to the City Council on Tuesday.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2020/November-2020/11_18_2020_Santa_Monica_Collected_More_Than_4_Million_in_Mitigation_%20Fees.html

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