Residential TIFs coming to pay for Portage police contract

Residential TIFs coming to pay for Portage police contract

The Portage City Council approved a police union contract Monday night that amounts to de facto future approval of tax increment financing for residential subdivisions to pay for it. The contract requires an additional $650,000 or so, said Councilman Collin Czilli, D-5th. “There’s an additional cost beyond just salaries,” he noted. Benefits and other issues need to be tallied as well. Negotiating the police contract “was an amazingly eye-opening…

Mount Vernon officials unveil incentives plan to pay for Liberty Crossing growth

The incentive package includes issuing bonds through the city’s New Community Authority and establishing TIF districts to repay the bonds. The post Mount Vernon officials unveil incentives plan to pay for Liberty Crossing growth appeared first on Knox Pages - Knox County News & Info.