Legislature To Revisit URA Bill

Last year the Governor vetoed a bill that would require cities to share tax increment financing (TIF) revenues used to finance urban renewal projects with other government entities such as cities and school districts. However, CAR’s Vice President for Public Policy, Ted Leighty, says county lobbyists are already planning to ensure that the bill is reintroduced in 2015.

The Larimer County Commissioners were instrumental in pushing the bill because of disagreements with the City of Fort Collins regarding the redevelopment of the Foothills Mall. Now that Larimer County is planning a TIF study with its municipalities (see above) that is designed to create a TIF revenue sharing model for future projects, is the bill really needed and will Larimer County again take a lead role in advocating its passage?

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