Status | Adopted |
Original Adopted Date | 07/21/2008 |
Last Revised Date | |
Last Reviewed Date | 07/21/2008 |
Because local property taxes provide the major fiscal resource for the district, the district will only support a Tax Increment Financing Plan (TIF) if 50 percent or more of the commercial property tax revenue derived from improved assessment and 100 percent of the residential property tax revenue derived from improved assessment is retained by the school district.
Preference in this support will be given to developers who also limit the amount of years for TIF funding and also who utilizes a single phase plan.