Iowa City to become a tax increment financing district

BY DI STAFF | MARCH 21, 2012 6:30 AM

SocialTwist Tell-a-Friend

The Iowa City City Council passed an ordinance Tuesday night making the city a tax increment financing district.

According to the proposal, the TIF ordinance will allow the city to put new taxes — derived from developed taxable property in the Urban Renewal Project Area — in a fund for loans, grants, and indebtedness, among other things.

The city councilors passed and adopted the ordinance on a 6-0 vote.

— by Kristen East

In today's issue:

comments powered by Disqus

Privacy Policy (8/15/07) | Terms of Use (4/28/08) | Content Submission Agreement (8/23/07) | Copyright Compliance Policy (8/25/07) | RSS Terms of Use

Copyright © The Daily Iowan, All Rights Reserved.