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Cowlitz commissioners vote to oppose Port of Woodland tax increment financing plan; local agencies warn of service impacts
Summary
The Cowlitz County Board of Commissioners voted to oppose the Port of Woodland’s tax increment financing plan as presented after hearing warnings from local public-safety leaders that a large TIF could freeze property-tax revenue and shift service costs to other taxing districts.
The Cowlitz County Board of Commissioners voted to oppose the Port of Woodland’s proposed tax increment financing (TIF) plan “as it stands,” after hearing testimony from county staff and local public-safety leaders who warned the TIF could shift revenue away from local taxing districts while increasing service demands.
Chairman Dahl and fellow commissioners discussed the finance and infrastructure implications after presentations from county staff and local fire chiefs. County officials described the TIF proposal’s scale — the port proposed placing approximately 5,200 acres into a TIF district that would freeze assessed value at a base year and divert future incremental property tax revenue to pay for port and project-related expenses for up to 25 years.
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