Having a fit over TIF | PostIndependent.com

Having a fit over TIF

Dear Editor,

Shouldn’t the tiff over the TIF (tax increment financing) have more than just the Colorado Mountain College board, Garfield County and two taxpayers upset?

As I understand it, the Community Center, river trails, Frontier Historical Society, Arts Council and the city bus tax fund (all approved by the voters) will not receive more than 50 percent of sales tax increases over the base year ending Feb. 28, 2002, from the DDA (Downtown Development Authority) for the next 25 years.

I may be wrong, but this sounds like voodoo economics. Councilman Dave Merritt was the only councilor to understand and vote against the TIF plan.

In those now famous words, “so please tell me where I am wrong,” or is this another example of the will of the people be damned?

Larry Beckwith

Glenwood Springs

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