PDI Blog

PDI's Blog will include legislative news, economic development news headlines, messages from our PDI President and other topics contributed by our membership. Choose from the list of contributors and categories, listed to the right,  to find the type of articles you are interested in.

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President's Message - June 2017

You talked and we listened. Many comments were made on the PDI Spring Event evaluation about tax credits and Tax Increment Financing (TIF) — so much so that we are adding a general session at the Fall Conference. Several of PDI's member experts, Jason Hutcheson, Burlington; Dan Culhane, Ames; and Chad Schreck, Mason City will round out the panel. ...

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Telling the Story Critical to Preserving Tif

In 2012, the Iowa Legislature adopted new tax increment financing reporting standards for Iowa cities and counties following weeks of intense debate about the future of the tool. The legislation has created significant new documentation requirements for local governments which have taken effect this year....

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Legislative Update - March 29, 2012

PDI Members,

As you know, PDI has been active all legislative session in working with legislators to provide feedback on their efforts to make some changes to tax increment financing (TIF). On Tuesday, the House distributed an amendment that will become the House’s new TIF bill. As you’ll see in your review of the attached amendment, the language goes very far and is quite damaging to TIF as a tool. The amendment will be discussed today (Thursday) in a subcommittee of the House Ways & Means Committee. PDI will have a few members in attendance to talk about the bill, and we are hoping legislators choose to change the language either in subcommittee or full committee. In the meantime, we wanted to make sure you see the language and have a chance to contact your businesses, your banks and others in your community who might have an interest in the legislation. We want to ensure that PDI members and their partners in the community have a chance to weigh in.

You’ll see many parts to the bill. Of particular concern to PDI’s Legislative Committee Chairs and other PDI members working on this issue are some sections that would do the following:

  • limits a city's TIF area to 25% of its assessed value
  • includes in Section 10 on Page 11 a requirement that the city prove that a project cannot be done without TIF and contains some other similar requirements
  • requires any changes to a TIF district to have county and school signoff
  • slows any possible project by requiring three readings of the ordinance which cannot be waived and includes other procedural hurdles
  • places sunsets on all TIFs
  • bans the use of TIF for housing unless the city is less than 10,000

Thanks for your attention to this alert, and we’ll keep you posted as this issue progresses.

TIF amendment attachment 

PDI Legislative Co-Chairs
Brent Willett
Kathryn Kunert
Jeff Rossate

Craig T Patterson/Amy Campbell
Partner, Campbell-Patterson Consulting LLP
Craig@IALobby.com / Amy@IALobby.com

 

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