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Does the TIF redirect tax money away from Sycamore schools?

April 26, 2017away money redirect schools sycamore tax TIF

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Does the TIF redirect tax money away from Sycamore schools?

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The approval of any TIF in Montgomery requires approval and partnership from the Sycamore School District, Hamilton County, the developer of the project, and the City of Montgomery to bring about a successful development in our community. During the anticipated 30 year life of this TIF, as stated above, the Sycamore School District will receive 50% of the taxes collected by the City. The payment will come from the redirected property taxes (TIF revenues) from properties in the Vintage Club development.