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Committee approves ordinance to revise TIF district review process
Summary
On second reading the committee approved Ordinance 6654 to amend Rapid City Municipal Code section 3.26, updating the tax increment financing district review process; staff described the changes as streamlining the process while adding safeguards.
The Legal and Finance Committee of the City of Rapid City approved on second reading an ordinance amending the city's tax increment financing (TIF) review process.
Director Daniel Ainslieb told the committee the ordinance contains "some fairly significant changes to our TIF policy," and said there were no changes from the first reading.…
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