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October 20, 2014, 3:08 am
970 WMAY News

Lawmaker Wants More Disclosure On TIF Districts


They have become a common economic development tool in Springfield… but some state lawmakers say they can be misused. And so a move is underway to require more disclosure about the use of tax increment financing districts and the results they achieve.

 

State Representative John Bradley of Marion wants to require local governments to file more detailed reports about their TIF districts and to put limits on the use of those funds.

 

But supporters of the TIFs say any risk from their use falls on local governments, not the state… and so they say the state should not interfere.

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