local tax revenue

4:41 pm
Sun September 22, 2013

Kalamazoo, Downtown Development Authority, debate tax allocations

DDA want to capture more of revenue generated by new development
  • Source: Mlive
  • | Via: Kalamazoo Gazette
KALAMAZOO, MI -- Hundreds of thousands of dollars a year available forpublic improvements downtown are at stake in tax disagreement with the city that the Kalamazoo Downtown Development Authority will take up Monday. The DDA captures a portion of property taxes generated by new development in the downtown Tax Increment Financing (TIF) District for use on a variety of public purposes.