The Franklin County Board of Commissioners opposes creating tax increment financing districts the city of Obetz wants for residential developments.
that Stacey Boumis, Obetz's community services director, sent to the county commissioners.
The county's opposition does not come as a surprise to Obetz officials, who say they expected commissioners to object.The Obetz City Council is set to vote on the TIF proposal June 13.Because the county opposes Obetz's TIF proposal, the county may negotiate an agreement with the municipality to send part of the increment back to county agencies.If no agreement is reached, state law allows the county to collect no more than half the taxes it normally would for years 11 to 30 of the TIF.
TIFs usually apply to all taxes, not just those the municipality collects, and other entities often lose out on their shares of tax revenue. Under this proposal, however, the Hamilton Localand Eastland-Fairfield Career Center Joint Vocationalschool districts would still get payments equal to their shares of property taxes.
In Franklin County, such agencies include Children's Services; Alcohol, Drug and Mental Health ; the Board of Developmental Disabilities; and Senior Options, Schimmer said.This is not the first time county commissioners have objected to using TIF tax breaks for residential developments. In October, that the city of Columbus offered the developers of three planned residential projects.
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