Senate Bill Would Limit TIFs
Under SB 129 if a city creates a new TIF, the county would not be responsible for paying additional property taxes, and vice versa. The Rapid City Journal reported that Ron Buskerud, a Pennington County commissioner, was in favor of the bill because Pennington had to give up $1.8 million in property tax revenue for payment of Rapid City TIFs. Among the opponents of the bill was Rapid City Mayor Sam Kooiker; Kooiker believes in reforms for TIFs, but he felt the bill would restrict a tool for economic development.
More infomation on TIFs can be found on the BHKN and in the archive.




























