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Covington amends Central Riverfront TIF in special vote
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Covington amends Central Riverfront TIF in special vote
The Covington Board of Commissioners performed an emergency vote on Tuesday during its caucus meeting, when votes usually do not take place, to amend the tax increment financing, or TIF, agreement for the Central Riverfront Development site, located on the site of the old IRS building. TIFs allow cities to recoup state taxes generated in a particular area and redirect them back into local infrastructure projects, rather than state services gener…
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