Monday, September 17, 2012

TIF Fact #7 --- 33.3% of Taxable Property in Center Township is Contained Within a TIF - How Much Is Prudent?

I sent the following email message to all City-County Councillors, select media representatives, and Senator Luke Kenley.
At some point too much taxable property contained within TIF districts is too much and will cause irreparable harm to the taxing units and the services they can provide due to a crippling increase in circuit breaker penalties. 
33.3% of all taxable property in Center Township is contained within a TIF.
How much is prudent?
Have you asked for the impact of expanding the consolidated downtown TIF by another 716 acres (1.1 square miles) on the percentage of taxable property in Center Township contained in TIFs - as well as a projection over the next few years of that impact?  Do you know how much is prudent?
The Council should demand full disclosure before Prop 15 or any other TIFs are considered.  Otherwise you won't know what you are voting on.

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