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Committee approves TID budget amendments to fund small-business programs and land-bank demolitions
Summary
The committee amended Tax Incremental District (TID) budgets—adding funds to TID 44, TID 46 and increasing TID 51—to support small-business development programs and to transfer funds to the land bank for property demolitions at specified addresses.
The Finance Committee approved amendments to several TID capital budgets to fund small-business assistance programs and to allocate money to the land-bank program to finance future demolitions.
Legistar item 86,986 amends the economic development division capital budget by adding $500,000 to TID 44, $750,000 to TID 46, and increasing TID 51 by $850,000. The item also authorizes transferring funds from TID 51 to the land-banking program to…
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