The projects that TIFs built: How SD is using program

The projects that TIFs built: How SD is using program

Open the article to view the coverage from South Dakota News Watch

Projects that TIFs built

PIERRE — Every year, the South Dakota Department of Revenue publishes an annual report showing all active tax increment financing (TIF) districts in the state. In 2024, there were 264 active TIFs in South Dakota, up from 199 in 2020.

Finally, someone in the local media is digging around on TIFs – South DaCola

It took the property tax discussion to get this out in the open, TIFS ARE NOT GOOD, ESPECIALLY IF USED ONLY FOR ECONOMIC DEVELOPMENT; “That told me they were not providing the oversight on these TIFs, that they were just rubber stamping them,” Sibson said. Well, Sibby, that is what communities across the state do. They are sold a shiny ball and they approve it. “If they’re not done correctly, they end up being simply subsidies for certain priv…