Black Hills Knowledge Netowork

July 21, 2013

TIF Districts Cause Dispute Between City And County

On Tuesday the Pennington County Commissioners voted unanimously to deny a request for $25,000 from the Rapid City Economic Development Partnership. The cause of this has been the concern that tax dollars are misused on the numerous TIF districts in Rapid City.

On Tuesday the Pennington County Commissioners voted unanimously to deny a request for $25,000 from the Rapid City Economic Development Partnership. The reason for this has been the concern that tax dollars are misused on the numerous Tax Increment Financing districts in Rapid City.  These TIF districts' tax benefits are mostly seen by the city and not the county. According to the Rapid City Journal, the Pennington County audit office estimated that it had missed out on $1.85 million dollars in tax revenues.

 


More about Tax Increment Financing Districts can be found in our TIF Information page and in our news archives.

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