- July 9, 2021
- Posted by: Stratford Team
- Category: Business
COLORADO SPRINGS — If you’ve shopped at a business in Colorado Springs or enjoyed a meal at a local restaurant, you may have noticed a public improvement fee on the bottom of your receipt. But what are public improvement fees for and why are you paying for them?
Public improvement fees, also known as PIF’s, are an extra charge when making a purchase. It’s not a tax, it’s not something voters vote on, and the City of Colorado Springs does not impose the fees. Instead, it’s a fee set by the developer or landlord of the property, which the businesses sit on. The developer then collects the funds from it.
Businesses off of Interquest Pkwy or in the Northgate area are where customers will likely see that fee. Beasts & Brews, a business in Northgate, is among the many restaurants where customers will see the charge.
“A few people that aren’t from around here ask about it sometimes. It’s not very often, but people look at it and say, ‘What’s this down here?’…