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TIF district and Toyota development spur heated public comment and council explanations in Gibson County
Summary
Public commenters urged the council to support a proposed TIF district they say could generate tens of millions for roads; council members and financial advisers responded with clarifications about how captured assessed value affects levies and who benefits from TIF revenues.
Bruce McIntosh, a past appointee to the TIF board, told the council the proposed tax-increment financing district could "amount to over $30 million" over 25 years and urged the council to communicate its position to the TIF board and developers.
"If they don't vote yes, that money will not be available," McIntosh said, urging prompt action and noting strong local interest both for and against the district.
Council members and staff pushed back on…
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