Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill would require advisory committees for tax-increment financing districts to include overlapping taxing jurisdictions
Summary
Senate Bill 3, sponsored by Sen. Jeremy Trevis, would require local governments that adopt TIF financing to create advisory committees with representation from overlapping taxing jurisdictions (county, school district, etc.); cities, school and business groups supported the change as improved oversight and transparency.
Sen. Jeremy Trevis opened Senate Bill 3 and described tax increment financing (TIF) districts and the bill's goal to formalize advisory committees representing overlapping taxing jurisdictions. "A tax increment financing district is a geographic area where property tax revenue is used to fund community improvements," Trevis said; SB 3 would require…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
