Contact #MoLeg To Support HB1236 For TIF Reform To Benefit Public Schools- Wednesday Hearing

capitalMake 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).”

Contact Information

Chairman of the Local Government Committee is 98th Dist. State Rep. Shamed Dogan (R-Ballwin)  Shamed.Dogan@house.mo.gov

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.

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8 am Wednesday Tax Increment Financing Commission Meeting

yTkejEGTE8 am Wednesday, October 4th, 2017
Tax Increment Financing Commission
Board Room, St. Louis Development Corporation
City Hall West, 1520 Market
Open to the Public

City Online Calendar Notice/Agenda: Corporate Welfare for City Foundry

Most recent news on project…
8/16/2017 St. Louis Post-Dispatch: City Foundry developers scrap apartment tower component of retail, office complex

And here’s an oldie but a goodie…
12/22/2016 Riverfront Times: Appointee Who Opposed City Foundry Tax Break Booted From TIF Commission

Information on the project posted by Team TIF 

Tuesday LCRA Agenda Includes Some Big 7th Ward Projects

yTkejEGTE3 pm Tuesday, February 21, 2017
Land Clearance for Redevelopment Authority
1520 Market, City Hall West, Room 2000

Agenda includes Corporate Welfare for Cupples X, Scottrade, and 705 Olive Boutique Hotel. As Team TIF pointed out on Twitter:

teamtif

Full Agenda below. Agenda not posted online as of 7 pm Monday.Many thanks to Team TIF for circulating Agenda.

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