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Board adopts amended tax‑increment financing agreement; city to pay district 85% of TIF receipts and provide scholarships
Summary
The Green Local Schools Board approved an amended and restated TIF compensation agreement with the City of Green, consolidating prior agreements and securing an 85% reimbursement rate to the district, the board said.
The Green Local Schools Board of Education voted to adopt an amended and restated tax‑increment financing (TIF) compensation agreement with the City of Green, consolidating three prior agreements into a single document.
Board discussion summarized the agreement: by longstanding local practice the city had reimbursed a portion of TIF collections to the district, and under the amended document the city…
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