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# Development Charges
Development charges are fees collected by the Town to help cover the cost of new infrastructure needed due to growth. This ensures new developments contribute to the town's facilities and services. For comprehensive information, refer to the Development Charges By-Law.
* Current Development Charges Fees.
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## Development Charges Background Study:
Every five years, the Town must review and adjust these charges through a Development Charges Background Study. This study sets the rates included in the Development Charges By-Law.
* 2021 Town of Goderich Development Charges Background Study.
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## Annual Financial Statements:
As outlined under Section 43(1) of the Development Charges Act, each year, the Treasurer provides a financial statement about the development charges reserve fund. This ensures transparency and accountability in how funds are managed.
* 2024 Development Charges Reserve Fund Report
* 2023 Development Charges Reserve Fund Report
* 2022 Development Charges Reserve Fund Report
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