The Court decided that the gist statement was insufficient.
This means that the approved amended and reinstated UNP TIF project plan can be implemented.
The increment diversion will end.
The TIF itself remains active until the 25 year term is reached or all of the funds are spent.
The case law can be found here: https://law.justia.com/cases/oklahoma/supreme-court/2020/118782.html
This blog is devoted to providing information about Tax Increment Financing (TIF). The goal is promote accountability, transparency and efficacy in economic development policy. I am a Professor of Economics at the University of Oklahoma with over 30 years researching local economic development issues. The views and opinions contained here are solely my own and do not reflect those of the University of Oklahoma.
Monday, June 15, 2020
Supreme Court rejects Referendum
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment