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Trust counsel says board seeks full TIF exemption; meeting with Pensacola mayor set to seek movement
Summary
Trust legal counsel told the board it has asked the City of Pensacola for a full exemption from TIF tax increments covering recent years and said the city proposed an interlocal agreement; counsel and the executive director will meet Mayor Reeves and the city attorney to seek progress.
Legal counsel for the Escambia Children—s Trust updated the board on a pending request to the City of Pensacola for an exemption from tax increment financing (TIF) revenues for tax years 2021'25. Counsel said the trust had sought a "complete and total exemption" or, at a minimum, an interlocal analysis so grant payments to city recipients could be set off against amounts otherwise due.
Counsel…
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