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Rapid City Council denies Robbinsdale TIF proposal after councilors warn of tax and capacity impacts
Summary
The Rapid City Council voted to deny creation of Tax Increment Financing District (TID) 95, a proposed city TIF for the Robbinsdale area, after several councilors raised concerns about tax impacts, administrative burden on Pennington County, and the size and scope of the proposed district.
The Rapid City Council on Monday voted to deny a resolution to create Tax Increment Financing District 95 and its project plan for the Robbinsdale area.
Councilor Pettigrew moved to deny the TIF and Councilor Roberts seconded; the motion carried on a voice vote. The council’s debate centered on the size and structure of the district, the effect on residents' property taxes, and administrative burdens for the county.
The councilors said the proposal would reallocate future tax increments across a wide area. “This is a big deal. Very complicated,” Councilor Pettigrew said…
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