The Joplin Globe, Joplin, MO

Local News

November 7, 2012

Public meeting to be held Thursday on TIF proposal

JOPLIN, Mo. — Discussions about the information that will be presented at a public meeting Thursday regarding a new tax increment financing proposal in Joplin were held Wednesday by the city’s recently appointed TIF commission.

The commission met at noon at City Hall with master developer David Wallace.

Wallace presented an overview of a public presentation that is to be made at 5 p.m. Thursday at City Hall. Residents are invited to hear the presentation, which will explain the purpose of a TIF district and the details of the proposal to place the tornado zone and the downtown district into the TIF.

Questions arose at the session about the effects of the proposal on the Joplin school district property tax revenues and the amount of valuation that will be used to determine what goes to the school district. County assessor Connie Hoover, city attorney Brian Head and Wallace said that they will discuss that and provide an answer within the next few days. Head said the city has consultant a specialist on state TIF laws to help guide that decision.

The City Council will decide later this year whether to allow the TIF district to be formed.

 

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