PIERRE, (KCCR) — The term TIF or Tax Increment Financing district can bring apprehension to some. TIF’s freeze the base value of a property when started. As valuations increase, those increases are used to fund projects within the TIF. Pierre City Administrator Kristie Honeywell says one TIF has reached the end…
Commissioner Jamie Huizenga is the only member left on the Commission who approved TIF number Six originally…
Huizenga says TIF are one tool in a very small toolbox that can allow a community to grow…
Pierre has used TIFs on such projects as Menard and the former City Hall site development.
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