With a tax increment financing district, entities that collect property taxes on a parcel (village, school district, county) continue to collect taxes on the value of the property when the TIF ...
After a period of time – in Cleveland’s case, 30 years – the TIF district would expire, and the increased property taxes would start flowing back to their usual recipients, including the Cleveland ...
HAS NOT HEARD BACK. A STATE AUDITOR’S INVESTIGATION RETURNS MORE THAN $650,000 OF EXCESS TAX INCREMENT FINANCING TO SCHOOLS AND LOCAL GOVERNMENTS IN NEMAHA COUNTY. CITY OF AUBURN AGREED TO TURN MONEY ...
Tax increment financing (TIF) funds are a special investment by a city to promote development and raise the property value of certain areas. "It's not an additional tax, it's just a location for that ...
THE NEBRASKA STATE AUDITOR QUESTIONS THE USE OF TAX INCREMENT FINANCING OR TIF MONEY FOR PROJECTS INCLUDING OMAHA STREETCAR. IN A LETTER TO LAWMAKERS, FOLEY SAYS DURING THE FIVE YEAR PERIOD FROM 2019 ...
Thursday, the ball begins rolling to establish Portage’s first five residential TIF districts. The money will come in the nick of time.
A minor annexation in Middlebury is creating controversy for regional leaders, considering how taxing dollars might work in some situations. During Thursday’s Elkhart County Redevelopment Commission ...
The IDB elected new officers with the departure of Chairman Kerry Hayes, who has moved to Nashville.That role will be taken by Althea Jones. Gordon Parker becomes vice chair, Mr. Floyd secetary, and ...
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