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Medina County commissioners formally object to Wadsworth TIF exemptions beyond 10 years
Summary
Medina County commissioners voted to adopt a resolution objecting to a proposed Wadsworth tax-increment financing (TIF) ordinance that would extend exemptions beyond 10 years and exempt more than 75% of improvements, citing fiscal concerns and precedent.
Medina County commissioners voted unanimously at a public meeting to adopt a resolution objecting to a proposed tax-increment financing ordinance from the city of Wadsworth that sought exemption terms longer than 10 years and exemption percentages greater than 75% of improvements.
The commissioners said they acted as a precaution because the statutory “clock” for objections began when the county received notice under Ohio law, whether or not the city had completed its own legislative steps. The resolution cites the…
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