In her latest newsletter Mary Souza explains the LCDC to her readers.
It’s been a long time since we talked about LCDC, and I know you’ll be thrilled to hear what they’re doing with your property tax dollars. Our County Clerk, Cliff Hayes, just released the yearly report of Urban Renewal money, so let’s look at LCDC’s portion:
More than $540,000 dollars in property tax that would normally have gone to NIC, went to LCDC instead. And if you include all the urban renewal districts in Kootenai County, the total diverted away from NIC was almost $1million. My, my, I bet the college would like to have that income right now. Oh, wait, they do get their whole income because you and I and every other taxpayer in the County pay more on our NIC taxes to help make up for the million that goes to urban renewal. Read more.
Mary contends NIC got ripped off by LCDC. Kinda. Agree or disagree?