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Commissioners explain limits on TIF/TED spending and point to Bonner Mill as an example
Summary
Missoula County commissioners said tax increment financing in county Targeted Economic Development Districts (TEDs) must fund infrastructure that outlasts a single business; they cited the Old Bonner Mill cleanup and described the Missoula Development Authority's advisory role.
On the podcast, Commissioners Josh Slotnick, Dave Strohmeyer and Juanita Vero addressed a common misconception: that private businesses can use tax increment financing (TIF) dollars for any purpose. The commissioners said county TIF, used within Targeted Economic Development Districts (TEDs), is intended to pay for public infrastructure that enables longer-term industrial or workforce development.
"One way I personally like to think about this is that the infrastructure would outlast any one business," Josh Slotnick said, describing the…
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