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Wooster council declines seven parcel TIFs after mayor’s explanation; members cite timing and school concerns
Summary
Council rejected seven parcel TIF ordinances on third reading after Mayor Reynolds outlined how TIF funds would be used to accelerate infrastructure; members said timing and potential effects on school finances made them reluctant to approve the package now.
Wooster — The Wooster City Council on Nov. 17 rejected seven parcel‑level tax increment financing (TIF) ordinances that city administration said would fund infrastructure to speed planned development in several corridors.
Mayor Reynolds spent a substantial portion of the meeting explaining the city’s rationale for the TIFs, saying the instruments do not reduce property taxes paid by owners but instead dedicate the incremental tax revenue from new development for a limited period to pay for related infrastructure. He said the seven proposals combined would generate about $124,000 a year for 10 years and could help accelerate projects along South Market…
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