City Council Approves TCP Increase
KREX News Room
GRAND JUNCTION, Colo.- Wednesday night Grand Junction City Council members voted yes in a 4 to 3 vote to increase the Transportation Capacity Payment on new businesses, raising it from 25 percent to 37 percent over a total of the next three years.
TCP is to offset any wear and tear on roads and infrastructure.
The city voted to increase the fee so that folks who aren't business owners, and have been paying a large amount of the TCP through the general fund for the past five years, will get a break.
Opponents voiced their opinion at the meeting stating, they need more incentives, not increased fees that may deter entrepreneurs from wanting to open up a new business.
City Council members say the TCP increase is to balance out taxpayers and commercial rates.
"It's just another detriment that's going to put a road block in the way for any more, or any new commercial buildings. Businesses are already scared to do anything," said Greg Motz, president of Sun King Integrated Construction Services.
Laura Luke, a city council member who voted for the increase said,
"It was really about protecting the average citizen out there who's been paying what I feel is just a little bit too much for too long."
The TCP increase will take effect starting April 1 of this year and will go up four percent.
TCP will continue to increase for the next three years on April 1, totalling a 12 percent increase for new buildings.
City Council members say though this has passed, if they see it's not working they can change it next April.