Lovington Talks TIF
Village to decide whether to establish TIF district May 27, 2015 by Florence Hallford & Keith Stewart keith@newsprogress.com Guest Tony Schuering, vice president of Municipal Consulting Group, LTD, spoke to the Lovington Village Board earlier this month about the possibility of starting a TIF district in Lovington. The initial concerns of putting in a district involved cost, with a start-up expense around $30,000, but which can be recovered through TIF. TIF districts work by first identifying the base value of property within the proposed district. This is done so as to ensure that all property taxes paid on this base … Read More
