Urban Fold

Idaho Cracks Down on Urban Renewal District Abuse

Lawmakers in Idaho have proposed a bill that seeks to limit urban renewal district abuses.

"The House Revenue and Taxation Committee voted today to introduce draft legislation that would prevent urban renewal districts from gerrymandering. The proposed legislation would prevent "shoestring" additions to urban renewal districts, said Rep. Phil Hart, R-Athol."

"A shoestring addition refers to an urban renewal district that expands its borders to pick up new areas that may not be blighted at all, often down major arterials, to collect the tax increment from big new developments."

"When urban renewal districts are formed, the property taxes the city and county receive within the district's boundaries are capped at that year's level. But property values in the district continue to grow. The property tax cities and counties collect on growth within the district is the tax increment, which goes to the urban renewal district."

Full Story: Legislation aims to curb urban renewal abuses

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00
Red necktie with map of Boston

Tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95