Economic growth in the US from 2003 through 2008 attributed to the major housing boom generated revenues for local governments in the form of development impact fees. Development impact fees are charges imposed on a developer to offset the new development's additional costs/burden imposed on society. However, new developments are also a benefit for society/local economies. As a consequence to the end of the housing boom, the establishment of new developments has slowed, meaning fewer development impact fees and a decline in externalities for local governments /communities.