Dec. 2 workshop to examine transportation funding option

Published: Monday, December 2, 2013 at 12:20 PM.

CRESTVIEW — Area planners and community leaders have been warming to the idea of establishing a tax increment financing district to fund needed local transportation projects.

The Crestview Area Chamber of Commerce Government Issues Committee will host a Dec. 2 panel discussion to consider the idea's feasibility. The workshop is open to the public.

A TIF, as the plan is known, "is neither the creation of, nor an increase in taxes," committee chairperson Muncelle Mitchell said.

Under a TIF, the property tax rate in effect when the plan is adopted is used as a base. The difference in any subsequent tax increases is applied to a specific project the TIF was established to fund.

Recently, a TIF has been suggested to finance widening the P.J. Adams Parkway and Antioch Road corridor to create a southwest bypass around Crestview.

A panel — including City Planner Eric Davis, former Supervisor of Elections Pat Hollarn, county Growth Management Director Elliot Kampert and Economic Development Council Vice President Kay Rasmussen — will discuss TIFs and their viability.

Chamber of Commerce President Dennis Mitchell will serve as moderator.

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