Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can non-school taxes be captured after Proposal A?

0
Posted

Can non-school taxes be captured after Proposal A?

0

Yes, as long as the captured taxes are spent for purposes allowed under the DDA, TIFA and LDFA public acts and the tax increment financing plan. For new authorities, or for amended district boundaries, for which the required public hearing was held after Feb. 15, 1994, the various taxing jurisdictions must be notified and any taxing jurisdiction may “opt out” of having its taxes captured by the authority.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123