Long Beach has lost out on about $22 million in potential revenue because it hasn’t adjusted its development impact fees to keep up with inflation and other rising costs, according to a recent audit — though city management has disputed some of the report’s findings.
City Auditor Laura Doud’s office released the audit analyzing the city’s development impact fees — which are one-time charges collected from developers that are constructing new buildings to fund a variety of public improvements, such as roadways, parks, streets and city services — on Wednesday, Sept. 10.
The audit focused on four key departments whose development impact fees generate about $5.5 million in combined revenue each year: the Fire, Police, Transportation and Parks departments.
Its major finding was that Long Bea