ADVERTISEMENT
Advertise Here

Huckleberries Online

LCDC’s Berns Reacts To Hayes’ Info

The information contained in Mr. Hayes’ email today regarding estimated urban renewal tax increment receipts for the 2010 tax year are higher than the fiscal year 2011 LCDC district budget tax increment receipts adopted by the LCDC Board last August (please refer to 8/18/10 LCDC Board Minutes).  Assuming everyone pays their taxes, Mr. Hayes’ documents show $3.9 million of estimated tax increment revenue for the LCDC Lake District ($3.1 million per FY2011 LCDC budget), and $1.7 million of estimated tax increment revenue for the LCDC River District ($1.4 million per FY2011 LCDC budget). The primary reason for the variance in Mr. Hayes’ values and the LCDC budget values is that LCDC has to use projected increment valuations and estimated taxing district levy rates when setting the budget in August of each year/Tony Berns, executive director/Lake City Development Corp. More here.


Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Huckleberries Online

Get blog updates by email

About this blog

D.F. Oliveria is a columnist and blogger for The Spokesman-Review. Print Huckleberries is a past winner of the Herb Caen Memorial Column contest by the National Association of Newspaper Columnists. The Readership Institute of Northwestern University cited this blog as a good example of online community journalism.

Find DFO on Facebook

DFO on Twitter

Betsy Russell on Twitter

HBO newsmakers Twitter list

Latest comments »

Read all the posts from recent conversations on Huckleberries Online.

Take this week's news quiz ›
Search this blog
Subscribe to this blog
ADVERTISEMENT
Advertise Here