Ding dong the TIF is dead
We'll believe this good news only after the state Supreme Court drives a stake through the heart of unconstitutional TIF legislation, nonetheless here's good news from the Morning News. (and, hey, Mayor Womack, you have a property tax at the city and county level that may be pledged to bond issues for street improvements. That once was a conventional means of building public projects until the city and county lobby came up with a scheme to steal school taxes instead. Would the retail projects happen with or without TIFs? Of course they would in booming cities.)
Plans for a tax increment financing district in Rogers may be over.
Two of five major street projects in Rogers' tax increment financing plan are funded and with little hope of implementing a successful district that won't be challenged in court, the city is likely to drop the idea and look for other financing for the remaining projects, Rogers Mayor Steve Womack said Wednesday.
Benton County Collector Greg Hoggatt would be pleased to hear that. Figuring out the distribution of tax collections for property within the district boundary is so complicated that he sent letters to property owners in the district to say their property tax statements will be late this year.
"We just don't have the information we need to know how the millage should be distributed," Hoggatt said. "It's been a little bit troublesome this year between that and all the annexations."



Comments
Daaaaaaaaaamn...McDaniel is done.
Posted by: RIP TIFS | April 20, 2006 09:25 AM
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who cares?
Posted by: Anonymous | April 20, 2006 09:58 AM
Who Cares?
Any taxpayer with a pulse cares a lot.
When one taxing entity can declare a tax break from an other taxing entity abuse is certain.
Case in point, I am not aware of one TIF that was requested for a truely "blighted" area.
Posted by: citizen | April 20, 2006 10:15 AM
ooooohhhhhhh.....
McDaniel and co. are sweating tonight.
Who was it from the McDaniel camp that keeps saying that the TIF issue was "no big deal" I am waiting patiently to be entertained by their comments to this one.
Posted by: TIF is a RIP | April 20, 2006 06:50 PM
Who were the legislators that voted against this Bill or who were smart enough to take a walk on this legislation ?
Posted by: Anonymous | April 21, 2006 12:03 PM
I'm the one...the guy you were talking about...the guy who will entertain you with a "TIF doesn't matter" post.
TIF'S DON'T MATTER
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