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October 22, 2014, 6:58 pm
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The Council Roundup

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School Board Wants Bigger Slice Of TIF Pie


The Springfield school board is in favor of a more aggressive approach toward tax increment finance districts. 

 

TIF districts are often used by the city to promote development in an area… by taking the increase in property taxes and reinvesting in that area, rather than distributing the money to other taxing bodies, like District 186. 

 

School board member Scott McFarland wants the district to push for a more active role in discussions for any future TIFs, and to push for immediate access to 10-percent of the increased revenues.  McFarland says if the city can be persuaded to go along, it could mean hundreds of thousands of new dollars annually for Springfield schools.

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