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Council approves TIF development-incentives policy after debate
Summary
The Duluth City Council adopted Resolution 393, a policy governing tax increment financing (TIF) development incentives. Councilors described the resolution as a first formal TIF policy for the city; supporters said it provides a framework and critics and authors signaled further amendments may follow.
The Duluth City Council voted unanimously to adopt Resolution 393, a policy on development incentives for tax increment financing (TIF). The measure was moved, discussed and passed after council members said the city needed a clear formal policy to guide incentives and limit uncertainty.
Councilor Forsman moved the resolution; Councilor Kennedy…
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