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Mitchell county residents ask questions about TIF

Dozens of residents came out Wednesday to the Mitchell County Conservation Office to have their questions answered by a state financial analyst.

Posted: Jun 27, 2018 9:42 PM
Updated: Jun 28, 2018 6:38 AM

MITCHELL CO., Iowa- Tax increment financing, or TIF, is not an easy topic to tackle, but many cities and county entities utilize TIF to finance economic development projects, like the proposed natural gas pipeline that would go from Worth to Mitchell County.
Dozens of residents came out Wednesday to the Mitchell County Conservation Office to have their questions answered by a state financial analyst.
Among them was Audrey McCarthy, of McIntire, who said she is hoping to learn not only how the pipeline is being funded, but how Mitchell County is using TIF for projects as well.
The financial analyst said the county has only approved $800,000 in TIF funding for the engineering study for the pipeline project to see if the pipeline will actually work, but like many, McCarthy still has questions.
“I do have concerns because I don’t know all that I should know,” she said. “I don’t want to be judgmental at all until I am informed.”
Those heading the event said Mitchell County has only used 50 percent of their TIF funds and the other half has not yet been touched.

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