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ISSUES:Quality of Life
S266 - Priority Investment Act (PIA)
Synopsis of the Priority Investment Act, authored by Ben and signed into law in 2007: - Amends the local government planning act which currently requires municipal and county governments to develop a 5 year comprehensive plan if they enact zoning.
- Adds two new planning elements to the comprehensive plan - a transportation element and a priority investment element - and amends the housing element to promote affordable housing.
- The priority investment element requireds local governments to analyze funds available for public infrastructure (roads, water, sewer and schools) and recommends projects for expenditure of available funds. It also provides for coordination between local governments. Coordination is defined as notice by the planning commission to other local governments who then have an opportunity to provide comment.
- The Act also allows local governments to develop market-based incentives and to reduce unnecessary housing regulatory requirements to encourage development of traditional neighborhood designs and affordable housing.
- The bill will save taxpayer dollars by making more efficient use of public infrastructure money, improve the local government planning process, and make it easier for developers to build affordable housing and traditional neighborhood developments.
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