Chicago’s TIF program moves deeper into the shadows
“s you probably know by now, a TIF freezes the amount that the schools, city, parks, and county get to tax for 24 years in a designated district. As the property rises in value, the…
Read Bill to See Where Taxes Go, Including for TIFs
“Cook County Treasurer Maria Pappas said today that property owners would be receiving bills that show where their tax dollars are going, including for the first time how much of a payment is for a…
Hickenlooper vetoes urban renewal authority bill
“A bill that would have given Colorado counties more say in how cities redirect tax dollars to redevelopment projects died on the governor’s desk Friday afternoon. #City and county officials here now expect the long…
Colorado groups lobby Hickenlooper to veto urban-renewal bill
“Commercial real estate developers and municipal leaders are putting a full-court press on Gov. John Hickenlooper, pressuring him to veto a bill that would put new limitations on the creation of urban-renewal districts. The effort…
Vail Daily column: Urban renewal law works
“Dear Gov. Hickenlooper: Please veto HB 1375, a piece of legislation that threatens the success of the current Urban Renewal Authority law in boosting Colorado’s economy and tourism. As the town of Vail’s finance director…
Pending law targeting urban renewal taxes could stall future projects
“Aurora officials say there’s economic danger in a new legislative weapon touted by counties, the latest salvo in the ongoing battle over tax dollars and how cities like Aurora finance redevelopment projects. “Nobody knows how…
Aurora to consider tax increment financing for Arts District shops
“Aurora will hold two public hearings in June to discuss implementing a small tax increment finance area in one square block of the Fletcher Plaza urban renewal area in the Aurora Cultural Arts District. The…
Lawmakers debate merits of urban renewal tax breaks
“pponents of urban renewal projects such as Vail’s Arrabelle and Avon’s Westin say the projects just move money from their pockets to someone else’s. Supporters say without those projects, there wouldn’t be any new money…
Colorado Legislature closes by passing urban-renewal, disaster, cannabis co-op bills
“Developers and city leaders put on a final push to try to kill House Bill 1375, sponsored by House Minority Leader Brian DelGrosso, R-Loveland, which requires cities to pledge a larger percentage of their sales-tax…
Key provision back in urban renewal authority reform bill
“House Bill 1375, sponsored by Rep. Brian DelGrosso, R-Loveland, is scheduled for a final vote today, just before the end of session. On Monday, the Senate Judiciary Committee approved the bill, but without the provision…