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SLDC presents annual TIF report; public commenters call for stronger oversight and transparency
Summary
SLDC presented the annual TIF inventory and performance update; staff noted many TIFs are retired or retired soon, while public commenters and former officials urged better transparency, earlier reporting of project data and more oversight of LRA/SLDC activity.
St. Louis — SLDC presented the city’s required annual tax-increment financing (TIF) report to the Housing, Urban Development and Zoning Committee on Jan. 27, describing active, retired and terminated TIFs, outstanding note balances and timelines for maturities.
Madeline Swanstrom, SLDC’s incentive compliance manager, told the committee the department had submitted required annual reports to the state and that it tracks 152 redevelopment plans, 124…
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