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Home   >   News   >   Local News   >   DMCo Board Chairman Says West Burlington Mis-Uses “TIF”

DMCo Board Chairman Says West Burlington Mis-Uses “TIF”

By on March 20, 2013
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DES MOINES COUNTY BOARD CHAIRMAN TOM BROEKER MENTIONED YESTERDAY(TUE) THAT HE HAD ATTENDED A MEETING OF “GROW GREATER BURLINGTON”…AND DIRECTOR JASON HUTCHESON HAD TALKED ABOUT THE USE…AND MIS-USE…OF TAX INCREMENT FINANCING…OR TIF…DISTRICTS, FOR ECONOMIC DEVELOPMENT. 

BROEKER SAYS HUTCHESON CITED CORALVILLE AS AN EXAMPLE OF A CITY THAT HAS MISUSED THE STATE-CREATED PROGRAM. 

 

AFTER THE MEETING, BROEKER TOLD US THAT, IN HIS OPINION, WEST BURLINGTON DOESN’T USE THE ECONOMIC DEVELOPMENT TOOL IN THE WAY IT WAS INTENDED, AS VIRTUALLY THE ENTIRE CITY IS A “TIF” DISTRICT, AND THAT FORCES THE COUNTY TO RAISE ITS LEVY AND HAVE TO SUBSIDIZE SOME OF THE CITY’S CAPITAL IMPROVEMENT PROJECTS.