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Board briefed on LURA and tax‑increment financing; district to name LURA representative at Jan. 21 meeting

Thompson School District R-2J Board of Education Study Session · January 8, 2026
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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 development for up to 25 years to finance infrastructure within the renewal area.

Ebersole said urban renewal can reduce near‑term tax revenues to the district but may also create a 'school increment' payment stream tied to development. He cited existing Centerra receipts (about $2,000,000 per year) and projected that Centerra South could produce roughly $25,000,000 over 25 years, with a ramped schedule beginning at an estimated $300,000 in early years and increasing later.

Board members raised governance and representation questions. The district's seat on LURA was explained as the result of earlier decisions assigning a single school district representative for overlapping taxing entities; staff said Thompson is the designated school district seat and will represent the district's interests on LURA. The board directed staff to prepare a support framework for the appointed representative — including expectations for reporting to the board — and confirmed a vote to appoint the district's LURA representative will occur at the Jan. 21 regular meeting.

No formal action was taken at the study session on LURA matters; board members requested written guidance on reporting and communication protocols for any appointee prior to the Jan. 21 vote.