I am a taxpayer and eligible voter living in Iowa City, IA and I am fed up with the use of TIF money being used to subsidize private development without a vote of the people.
Why is this important?
Taxpayer subsidized private development in the form of Tax Incremental Financing (TIF) is a perversion of the intent of the legislation. It's use diminishes the tax revenues available to our schools and county government for an extended period of time, sometimes up to 20 or 25 years or more.
