August 19, 2026 - Special Finance Committee Meeting

The City of Tracy Finance Committee held a special meeting on August 19, 2026, primarily to discuss and recommend adoption of updated development impact fee nexus studies related to parks, public facilities, public safety, and water capacity. Staff presented detailed updates to the fee structures based on recent master plan revisions, including adjustments to fee calculations reflecting current construction costs, water demand, and legislative requirements. The committee reviewed proposed fee increases and decreases, such as a reduction in water fees due to a recycled water grant and increases in parks and public safety fees. The committee also discussed ongoing consultations with developers and the Building Industry Association to address concerns. Following discussion, the committee unanimously approved recommending the updated nexus studies and fee schedules to the City Council for a public hearing and adoption, with fees to take effect 60 days after council approval. No other staff items were presented, and the meeting was adjourned promptly.