Fort Worth City Council members earmarked $26 million in funding for 11 growth-related, high-capacity road projects during their Jan. 14 meeting.
Funds collected from transportation impact fees will supplement existing funding shortfalls that have resulted from market conditions, supply chain issues and higher inflation rates, according to a city staff report. Transportation impact fees, first adopted by the Fort Worth council in 2008, are charges applied to building permits for new developments to help fund transportation projects.
“Due to the continued population growth and increased transportation needs, these projects are considered high-priority capacity improvement projects for the City of Fort Worth’s infrastructure,” the report said. “This additional funding will enable the projects to proceed as planned.”…