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Bill would clarify that TIFs can fund police and fire station construction
Summary
Sponsor testimony on Senate Bill 307 said the bill makes a technical change clarifying tax-increment financing revenues may be used to build police and fire facilities, citing the City of Canton and a new Amazon distribution center as motivating examples; sponsors said the change does not increase the TIF revenue pool.
Senate Bill 307 received sponsor testimony in the Ways and Means Committee describing a technical change to the Revised Code that would clarify municipalities and townships may use tax-increment financing (TIF) revenue to construct police and fire stations.
Senator Timken told the committee that TIFs — a tool enacted in Ohio in 1976 to capture incremental tax payments for local infrastructure — have…
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