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Board members discuss TIF project and effect on district tax receipts
Summary
Trustees spent part of the meeting examining a local tax-increment financing (TIF) project that changes how much of nearby development taxes flow to the district; a board member said the district now receives 100% of its portion from that development rather than the prior 55% commercial allocation.
At its regular meeting, the Bellbrook-Sugarcreek Local School District Board of Education heard a discussion about a local tax-increment financing project and how the arrangement affects district tax receipts. A board member said the district is now receiving its full share of the school portion of taxes from the development "instead of 55% in commercial," and described the TIF as a financing…
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