Thursday, February 20, 2014

Daily Journal Reports Greenwood Council Splits Over Larger TIF District

From the Johnson County Daily Journal:

This time, the requests from the leader of Clark-Pleasant schools were direct: 

Exclude a Greenwood company’s recent expansions from a special taxing district and include school officials in spending decisions.

Clark-Pleasant Schools Superintendent Patrick Spray for the fourth time asked a Greenwood board for help paying for the schools’ needs, such as new buses. The school district is the fastest-growing in Johnson County and has more than $116 million in debt because of several building projects, including new middle and intermediate schools, to accommodate the added students.

The Greenwood City Council split Tuesday over Spray’s request that measuring device manufacturer Endress+Hauser’s most recent building projects be excluded from a tax-increment financing, or TIF, district.