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Committee backs updated tax‑sharing agreement with Wyoming, DDA after debate over DDA capture
Summary
Kent County’s committee endorsed a replacement tax‑sharing agreement with the City of Wyoming and the Wyoming Downtown Development Authority that would formalize the DDA’s decision not to capture five county special millages going forward in exchange for dollar‑for‑dollar county support from the general operating mill; commissioners asked for five‑year proformas and raised objections about DDA boundary expansion and TIFF practice.
The Kent County Finance & Infrastructure Committee voted to recommend that the Board of Commissioners authorize an updated tax‑sharing agreement with the City of Wyoming and the Wyoming Downtown Development Authority (DDA).
Staff described the 2014 agreement and explained that while the city historically remitted amounts captured from certain millages back to the county, two more recent special millages (Ready by Five and zoo/museum) were not included in the original agreement. Under the proposed new agreement the…
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