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Spin Control

Posts tagged: tax increment financing

Spokane will use bond money to beautify Division Street ‘gateway’

Spokane will borrow about $4 million from itself to pay for improvements near the University District along Division Street.

The money will be repaid in payments of $250,000 a year over 25 years with sales tax money collected in Spokane that otherwise would have been earmarked for the state.

The Spokane City Council voted 7-0 on Monday to issue the bond and to allow them to be purchased by the city’s investment fund, which is made up mostly of money held in reserve for future sewer, water and trash system upgrades.

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About this blog

Jim Camden is a veteran political reporter for The Spokesman-Review.


Jonathan Brunt is an enterprise reporter for The Spokesman-Review.


Kip Hill is a general assignments reporter for The Spokesman-Review.

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