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Missoula board approves resolution to pledge TIF revenue for Wye water purchase; school districts seek levy clarifications
Summary
Missoula County adopted a resolution finding that pledging tax increment financing (TIF) bonds is required to buy the Wye (Y) water system and extend the Y‑1 TED district beyond 15 years; school-district representatives asked that permissive levies be excluded or clarified and warned of possible legal action if impacts to taxing jurisdictions are not addressed.
The Missoula County Board voted to adopt a resolution finding that fulfillment of the Y‑1 Targeted Economic Development (TED) District plan requires pledging tax increment revenues toward bond payments that will extend the district’s tax increment period beyond the statutory 15 years. Flana McLarty (Community & Economic Development) presented the required public‑hearing material and said the county plans to issue bonds to finance the purchase of the Wye water system, which is intended to supply domestic water and fire suppression initially to…
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