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Greenville County school board approves Lawrence Road TIF after lengthy public Q&A
Summary
After a multi-hour presentation and public questioning, the Greenville County Schools board voted to approve participation in a 30-year tax increment financing (TIF) district for the Lawrence Road redevelopment, with a projected 50% of incremental tax revenue pledged to infrastructure and an estimated district share at full build-out.
The Greenville County Schools board voted 8–4 on Nov. 11 to approve participation in the Lawrence Road tax‑increment‑financing district, authorizing the district to forfeit half of future incremental tax receipts from the redevelopment for up to 30 years to help fund public infrastructure.
The board deliberated for more than two hours after a presentation by district staff and outside counsel that outlined the agreement’s mechanics and the anticipated community impacts. Dr. Royster, the district superintendent, said the TIF would not reduce the district’s current tax receipts; rather, 50% of the additional tax revenue created by new development would go to pay bonds for infrastructure while taxing entities retain the other 50% plus existing taxes. “You still get the taxes,” Dr. Royster said. “This body will receive 56% of the 50%,” he explained, referring to the district’s prorated share of the incremental revenue.
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