Make Your Voice Heard! Contact Your State Representative. Contact members of Missouri House Local Government Committee. Ask them to support TIF Reform to benefit Public School funding. Contact information at end of post.
Noon Wednesday, March 14, 2018
Missouri House of Representatives
Local Government Committee
Hearing Room 1, State Capitol, Jefferson City
Hearing on House Bill 1236 by State Rep. Dan Stacy (R-Jackson County)
This legislation would reform TIF statutes and enable a public school district to receive the portion of property taxes that are currently diverted to TIF development projects.
From the bill summary…
“This bill requires a 30-day comment period before a municipality may pass an ordinance establishing a Tax Increment Financing (TIF) redevelopment project or Community Improvement District (CID). In addition, the municipality pursuing a TIF project or CID must also post information regarding the proposed project or plan, public hearings, and certain disclaimers on a public website (Sections 67.1431 and 99.825, RSMo).
Additionally, within 10 days of the approval of a redevelopment plan, the applicable tax increment financing commission shall notify each special taxing district partially or wholly locatedwithin the commission’s redevelopment area of the plan’s approval (Section 99.825).
This bill also provides that the board or body overseeing a special taxing district may have their property or sales taxes excluded from a TIF project or plan by passing a resolution with a two-thirds majority provided certain notice and public comment requirements are met.
A school board of a school district may also have its portion of property tax revenue allocated to the district by a county or city excluded from a TIF project or plan by passing a resolution with a two-thirds majority provided certain notice and public comment requirements are met (Section 99.845).
Tax increment financing redevelopment plans created after the bill’s effective date shall only receive payments in lieu of taxes or economic activity taxes for 15 years from the date of their creation (Section 99.845).”
The City’s two state representatives on the Local Government Committee are…
81st Dist. State Rep. Fred Wessels Fred.Wessels@house.mo.gov
82nd Dist. State Rep. Donna Baringer Donna.Baringer@house.mo.gov
To find your State Representative and his/her contact information use “Find Your Representative” at center left of Missouri House home page.