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TIF impact on schools less than expected

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TC schools lose about $40,000 in revenue each year

By STUART CASSIDY

Staff Writer

 

TELL CITY – More than two years of discussion about the potentially detrimental effects tax-increment financing has on the Tell City School Corp.’s coffers came to a head Tuesday.

An analysis by the Indianapolis-based accounting firm, London-Witte, presented during a school board planning session, showed that the schools loose an estimated $38,000, annually. That was substantially lower than previously claimed by TIF opponents.


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Perry County News | circulation@perrycountynews.com | 812-547-3424
P.O. Box 309, 537 Main Street, Tell City, IN 47586
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