Live Breaking News & Updates on Tax Increment Finance District
Stay updated with breaking news from Tax increment finance district. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
City Of Tulsa Approves $16M Tax Increment Finance District bigcountry995.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bigcountry995.com Daily Mail and Mail on Sunday newspapers.
Files of the Times falloncountyextra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from falloncountyextra.com Daily Mail and Mail on Sunday newspapers.
January 21, 2021 Aldermen in the Maple City Tuesday night established a new Tax Increment Finance District with the passing of four ordinances. The city had been pursuing a new TIF district that encompasses a large section of the central part of the city, including north and south main street, most all property north of Harlem Avenue, including the airport, and the southwest part of town. Lew Steinbrecher, City Administrator for the City of Monmouth, tells WGIL that the city will pay back developers that increase the property tax value of properties in the TIF. “And that’s how we structure these deals with developers,” he said. “It’s performance-based. They don’t get their rebate until their property actually increases in value and they pay those increased taxes. Then we use those increased, incremental tax revenues – that’s what we use to pay them back.” Steinbrecher adds that there are several projects moving forward on the new TIF, including the redev ....