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Greene County redevelopment panel approves TIF expansion to anchor Prometheus Energetics
Summary
After a public hearing featuring school and library leaders urging protection of local tax revenue, the Greene County Redevelopment Commission approved a confirmatory resolution expanding Allocation Area No. 5 and designating Prometheus Energetics as a named taxpayer under the proposed incentive package.
The Greene County Redevelopment Commission voted to confirm an amendment expanding Allocation Area No. 5 and to designate Prometheus Energetics as the named taxpayer for a tax-increment financing package intended to attract the Prometheus project to the county.
During a public hearing, Scott Van Gray, superintendent of Bloomfield School District, urged commissioners to adopt the option in the tax-impact statement that would allow assessed value generated by the project to flow to all taxing units rather than being captured entirely by the TIF, saying the change would "protect the school district's financial stability" amid what he and others described as major state property-tax changes known in discussion as "Senate Bill 1." Jessica McKaming, director of the Bloomfield Eastern Greene County Public Library, told the commission she also supported that scenario because…
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