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Board briefed on LURA and tax‑increment financing; district to name LURA representative at Jan. 21 meeting
Summary
City urban‑renewal proposals and tax‑increment financing (TIF) could shift tax revenue streams for decades, staff told the board. The district will appoint a representative to the Loveland Urban Renewal Authority and staff will propose a framework for the appointee's reporting and decision support.
Bob Ebersole, chief financial officer, briefed the Thompson School District R‑2J board on the Loveland Urban Renewal Authority (LURA), tax‑increment financing (TIF) mechanics and likely impacts on district revenue flows. Ebersole described urban renewal entities' powers — land acquisition, bond issuance, and tax increment financing — and emphasized that TIF commonly redirects the tax increment on new…
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