Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council hears calls to end Lam Road TIF as members and residents question use of $3.8 million surplus
Summary
Residents and some aldermen pressed the City Council on the Lam Road TIF, arguing diverted taxes have not produced promised manufacturing jobs and asking that a $3.8 million surplus be returned to taxing bodies or used to develop shovel‑ready industrial sites.
Freeport — Residents and some aldermen pressed the City Council on the future of the Lam Road tax increment financing district, arguing that property tax revenues diverted to the TIF have not produced the industrial jobs promised when the district was created and asking that the TIF be closed and surplus funds returned to local taxing bodies.
The concerns came in public comment and a Council discussion during the meeting. Rhonda Scott, speaking during public comment, said the Lam Road TIF — formed in February 2003 as an industrial TIF — has collected about $10 million in property tax increment and now has a $3.8 million surplus. Scott said the money has been used for legal, engineering and marketing costs and cited payments to specific private entities;…
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
