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 isContinue reading “Legislature To Revisit URA Bill”

Larimer: County, Cities Agree to Study TIF

Larimer County and its cities will share the cost of funding a study to establish a model for measuring the effects (both negative and positive) of Urban Renewal Authorities (URAs) and their use of tax increment financing (TIF). According to Loveland City Manager Bill Cahill, “With all of the controversy about URAs and TIF, both atContinue reading “Larimer: County, Cities Agree to Study TIF”

Boulder Legislator Wants to Change TIF Regulations

Rep. Dickey Lee Hullinghorst, (Boulder), plans to introduce a law to revise tax increment financing (TIF), which is often used to create or expand businesses, particularly in urban renewal districts. Hullinghorst wants to allow all the taxing jurisdictions, school districts for example, to become involve in the TIF decision-making process. She suspects some projects thatContinue reading “Boulder Legislator Wants to Change TIF Regulations”

Fort Collins Council Approves Mall Financing

The Fort Collins City Council acting as the Urban Renewal Authority approved several resolutions to approve the public financing mechanisms needed to renovate the Foothills Mall. The City will use a complex package of funding instruments, two of which impact property taxes and two affect sales taxes.  The creation of a metropolitan district means increasedContinue reading “Fort Collins Council Approves Mall Financing”