Construction, Development Costs to Rise 7 Percent in Rancho Santa Margarita
Posted: Thu May 05, 2022 3:21 am
The cost of construction and development in Rancho Santa Margarita will rise 7 percent due to inflation. The Rancho Santa Margarita City Council unanimously approved on April 27 a 7 percent increase the prices of city planning services—including permits for restaurants, bars, clinics, beauty or barber shops, offices, factories, and schools. The increase is based on an annual 7 percent increase in the Consumer Price Index (CPI) for the Los Angeles, Long Beach, and Anaheim area, according to the U.S. Bureau of Labor Statistics. “As we know, inflation has taken the country by storm,” City Manager Jennifer Cervantez said during the meeting. “And when we look back at the Consumer Price Index … the March 2022 CPI … [is] more than we’ve increased in the past based on CPI.” ...
Source: https://www.theepochtimes.com/construct ... 46892.html
Source: https://www.theepochtimes.com/construct ... 46892.html