OML Legislative Bulletin: Meetings Held on TIF

OML Legislative Bulletin: Meetings Held on TIF

From the March 16, 2007, Legislative Bulletin of the Oklahoma Municipal League, about an effort by the public education lobbying groups to rein in the use of TIF by Oklahoma's municipalities. "Their proposal was to: (1) give themselves a final vote on a proposed TIF; (2) reduce the TIF time frame from current law's 25 years; (3). strengthen the TIF legal "but for" test by repeatedly complaining about the recent City of Norman TIF; (4) limit the public improvements (streets, water lines etc) available via a TIF. They complained about the City of Enid TIF; (5) split the TIF increment in half so they received half the TIF revenue up front and the other half would go to the municipality to pay for the development project; (6) remove the automatic designation of an Enterprise Zone as eligible for a TIF. They again complained about the City of Norman TIF; (7) strengthen the penalties for noncompliance with TIF requirements by potentially voiding the TIF if all the requirements were not followed by the municipality."