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Negotiators Debate $200 Million TIF Cap and 2035 Sunset in Commerce & Economic Development Talks
Summary
Conferees in a Commerce & Economic Development session discussed an offer to cap tax-increment financing (TIF) at $200 million while reintroducing a TIF sunset in 2035 and aligning CHIP and TIF sunsets; parties exchanged counteroffers and recessed to review recorded remarks.
Negotiators at a Commerce & Economic Development conferral session debated a proposal to cap tax-increment financing (TIF) at $200,000,000 and to reintroduce a TIF sunset in 2035 while aligning CHIP and TIF sunsets.
The discussion centered on a draft package that several participants described as including income and retention provisions, an affordable housing exception, and…
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