Thursday, July 3, 2014

Republic Reports Columbus Votes to Keep TIF Money

From the Columbus Republic:

Columbus City Council members modified a proposal to forgo $3 million in tax revenue next year, deciding instead to collect all of the money available for downtown development.

Mayor Kristen Brown asked the council last month to give up some revenue from one of the city’s tax-increment financing (TIF) districts for one year.

On Tuesday, council members instead voted to collect all of the revenue because there are several large projects coming through the pipeline.