Commission extends original 80/20 TIF allocation to Prometheus Energetics Phase II
After reviewing an updated analysis, the Greene County Redevelopment Commission voted 4-0 to extend the original 80/20 tax-increment allocation to Phase II of the Prometheus Energetics project; Prometheus declined to commit a fixed share for workforce development programs.
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The Greene County Redevelopment Commission voted Aug. 19 to extend the original 80/20 tax-increment financing (TIF) allocation to Phase II of the Prometheus Energetics project. LWG CPAs & Advisors financial consultant Jim Higgins circulated an updated analysis showing Prometheus’s increased investment and a lower tax rate would produce a slightly lower total increment over time compared with prior projections.
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