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Panel and PEPC executive seek longer TIF sunset, biennial reporting; committee substitutes amendment 2.1
Summary
The committee heard from PEPC executive director Jessica Hartley and legislative staff about extending a proposed TIF‑type program sunset and aligning reporting timelines; the committee agreed to substitute amendment version 2.1 to set application cutoff and reporting dates and voted to move the amendment forward 7‑0.
Jessica Hartley, introduced to the committee as the executive director of “Pepsi” in the transcript, told senators that the stamp of realistic project timelines argues for a longer sunset and delayed final evaluation for the pilot TIF‑style program under consideration in S.127.
“The creation of the TIF District only provides for the infrastructure. We don't have that would need to go in the ground before any private development is ever gonna be created that would generate increment to start paying back,” Hartley said, and she urged extending the application window so the legislature can see several years of housing outcomes before a final evaluation.
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