From Missouri Digital News: https://mdn.org
MDN Menu

MDN Home

Journalist's Creed

Print

MDN Help

MDN.ORG: Missouri Digital News
MDN Menu

MDN Home

Journalist's Creed

Print

MDN Help

MDN.ORG Mo. Digital News Missouri Digital News MDN.ORG: Mo. Digital News MDN.ORG: Missouri Digital News
Lobbyist Money Help  

Local Officials Want Blight Redefined for TIF

November 1, 2005
By: David Schneider
State Capital Bureau

Local officials call for a Missouri Senate committee to reconsider tax-breaks the state gives to developers. David Schneider has more in Jefferson City.

Story:
RunTime:
OutCue: SOC

The state encourages development of blighted areas by giving tax-breaks to companies that will develop there. But some officials told a senate committee Tuesday the state has too broad a definition of what blight is. Les Sterman, Executive Director of the East-West Gateway Coordinating Council for Government says the state should be more selective.

Actuality:
RunTime:
OutCue:
Contents: "Public resources are precious right now. We all know that schools and public safety are the kinds of things that really support the health of our communities, and we're taking tax revenue from them to build shopping centers and I think people have a real concern about that."

The chair of the Senate Interim Committee on Tax Increment Financing, John Griesheimer says he doesn't want to the see the definition of blight changed, but says exceptions to the rule would be good. From the state capital, I'm David Schneider.

###



RunTime:
OutCue: SOC

Local officials say the state should not be taking tax money away from schools and public safety to build shopping centers. David Schneider has more in Jefferson City.

Story:
RunTime:
OutCue: SOC

Giving tax breaks to developers who come into blighted areas is one way Missouri encourages development in these places. It's called TIF, for tax increment financing. However some local officials told a Senate committee Tuesday the benefits are not gong to the right places.

Executive Director of the East-West Gateway Coordinating Council for Government says easing tax costs to developers in communities that don't really need help is not the way to use TIF.

Actuality:
RunTime:
OutCue:
Contents: "Obviously there's an industry that's developed around doing business in this way, and whether it be private or public sector, and I think that they want to protect that; and there are others that see a real problem and need change."

Sterman says this is an issue both in Saint Louis and across the state.

The chairman of the Senate interim committee on TIF says a working group will go over recommendations in November. From the state capital, I'm David Schneider.

###

RunTime:
OutCue: SOC

Local officials say the state needs to stop helping developers at the cost of schools and public safety. David Schneider has more from Jefferson City.

Story:
RunTime:
OutCue: SOC

One way the state gets developers to come into blighted areas is by giving tax-breaks.

But some local officials told a Senate committee Tuesday the state's definition of blight is too broad and should be redefined to focus help on communities that really need it.

The chairman of the senate interim committee on tax increment financing John Griesheimer says he has another idea.

Actuality:
RunTime:
OutCue:
Contents: "I would rather see us make exceptions to the blighting definition rather than try to go in and make wholesale changes to the definition of blight"

Griesheimer says a working group will go over recommendations in November. From the state capital, I'm David Schneider.