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Butte-Silver Bow staff outline TIF district activity; staff report loans, grants and industrial growth
Summary
Economic development staff gave the council annual reports on the URA, Harrison Avenue URD, South Butte TED and Montana Connections TED, citing active loans and grants, examples of increment growth and industrial projects that staff say have added hundreds of jobs in the Montana Connections area.
Economic development staff presented the annual tax-increment-financing (TIF) reports for multiple districts and described active loans, awarded grants and recent development activity.
Kayla Lappin, economic development coordinator for Butte-Silver Bow, explained how TIF works and used the Cornerstone Plaza as an example: the district’s base taxable value rose from roughly $3.8 million to about $6.1 million, and the property tax for the Cornerstone parcel rose from about $584 in the base year to roughly $58,467 in 2025; staff said roughly $20,438 of that increase was collected as increment in the example. Lappin noted that increment is limited by Montana code to specific,…
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