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October 24, 2014, 5:21 am
970 WMAY News

Springfield Schools Face Tax Ups And Downs

Springfield schools have a mixed bag of news on the horizon related to revenues. 


City officials say the district will collect more than three-million dollars this fall from the distribution of money remaining in the Park South TIF fund that expired last year.  The end of that TIF should also mean an additional million dollars in property tax revenue coming to District 186 annually. 


On the downside, officials say the railroad relocation project could reduce the district’s property tax revenues by removing dozens of properties from the tax rolls.  But they say other development spurred by the railroad project should eventually make up for that lost ground.

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