Tax Increment Districts - Compromise Passes Council
This morning the Council chose to neither renew the Tax Increment Financing (TIF) districts which fund our neighborhood groups, nor to leave the question of whether or not to renew them to the discussions about the 2010 budget this December. Instead, we chose a middle path proposed by Council Member Colvin Roy: to send the issue back to the Ways and Means committee for further review and information gathering. After my motion to postpone this decision for two Council cycles failed by a 6 - 6 vote, I voted for this compromise, though I continue to feel that by refusing to renew the districts now - when we said, in the budget process last December, that we would take this up - the Council is signalling our willingness to step away from the commitments we made to ourselves, neighborhood groups, the State Legislature and the public at large that we will continue to fund the work of neighborhoods. During this morning's debate, several of my colleagues made clear that they are quite ope...