Does debt payable from incremental taxes count against a citys or countys constitutional debt limit?
Yes, it does. While Section 403.9 of the Code contains language that states that such debt does not count against a constitutional debt limit, the Iowa Supreme Court has overturned that language and has ruled that tax increment debt must be counted against a city’s or county’s constitutional debt limitation.
Related Questions
- Redevelopment Area Taxes: Does the redirection of property taxes in redevelopment areas have a negative impact on other City or County agencies?
- Does debt payable from incremental taxes count against a citys or countys constitutional debt limit?
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