The Joplin Globe, Joplin, MO

Local News

November 28, 2012

TIF Commission to postpone Friday vote

JOPLIN, Mo. — Members of Joplin’s TIF Commission moved today to delay a vote on a proposed tax increment financing district that originally was scheduled to take place Friday.

Commissioners will accept public comment and testimony on the TIF district at the Friday hearing but plan to postpone their vote on the proposal until Thursday, Dec. 6. Their vote would be a recommendation to the City Council, which is slated to consider the proposal before the end of the year.

The public hearing will begin at 6 p.m. Friday at City Hall, 602 S. Main St.

The TIF district, which is being proposed by the city’s master developer, is projected to generate up to $60 million in revenue from increases in property taxes and from a portion of sales taxes. It would go toward $806 million in redevelopment projects across Joplin.

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