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Council praises economic-development TIF oversight as office fines contractor for noncompliance
Summary
The council received a semiannual Tax Increment Financing (TIF) and Tax Increment Exemption (TIE) report showing active oversight under Worcester’s Responsible Development Ordinance; staff said $5,000 in fines were issued and some subcontractors were removed from taxpayer-funded projects for noncompliance.
City economic development staff told the Worcester City Council on Sept. 9 that oversight of taxpayer-supported projects under the city’s Responsible Development Ordinance is translating into compliance actions, including a $5,000 civil fine and the removal or debarment of subcontractors from certain projects.
Council members praised the Economic Development Department’s reporting and compliance work. The semiannual report lists several active…
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