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October 22, 2014, 9:21 pm
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The Council Roundup

The Council Roundup, Wednesdays at 10 with Bishop On Air


970 WMAY News

School Board Supports Creation of East-Side TIF

The Springfield School Board has decided to support the creation of an east-side TIF district, even though city officials rejected the school board’s request to receive a share of the increased property taxes that the TIF could generate over the next 23 years.


Board members Scott McFarland and Bill Looby wanted to take a stand against the TIF, complaining that the district needs additional revenue now and shouldn’t have to wait for the 23-year lifespan of the TIF to expire to reap the benefits of growth.


But board member Judy Johnson says the TIF will create dividends for the east side beyond property tax revenues, and says the district should support that.

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