Council Hears Questions About $275,000 Internal TIF Amendment for North Urban Renewal Plan

The Davenport City Council Committee of the Whole held a public hearing Sept. 17 on a proposed amendment to the North Urban Renewal Area Plan that would add a 2025 internal tax-increment financing allocation to cover administrative and economic-development costs, prompting residents to ask for more detail on the use of roughly $275,000. Why it matters: The amendment would let the city use a portion of property tax increment generated inside the urban renewal area to reimburse administrative costs related to past and ongoing TIF projects, shifting some expense off the city general fund and onto the increment that also benefits other taxing authorities. During the public hearing, Judith Lee of the Second Ward said…