Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Butte-Silver Bow officials report rising tax increment values, new industrial projects in annual TIF update
Summary
Community Development Director Karen Burns and staff briefed the Butte-Silver Bow Council of Commissioners on annual reports for urban renewal and targeted economic development districts, highlighting revolving loan balances, recent completions and multi‑million-dollar projects in the Montana Connections industrial area.
Karen Burns, Butte-Silver Bow director of community development, told the Council of Commissioners on May 7 that the county’s tax-increment financing programs have moved several major projects from planning to construction and maintain revolving loan funds for future lending.
The update covered four active districts — the Urban Revitalization Agency (URA), the Harrison Avenue district, the South Butte targeted economic development district (TED) and the Montana Connections TED — and summarized loan and grant activity, incremental value increases and projects completed or underway.
“The Urban Revitalization Agency, URA 1, sunset in 2013. Our loan funds continue to revolve in that district,” Burns said. “We have dispersed over $7,200,000 to over 50 loans within that district. We have about $2,800,000 ready, available to lend right now.”
Why it matters: tax-increment financing (TIF) is a primary local tool for funding infrastructure and incentivizing development in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
