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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 28, 1976
Page
2
Debate over TIF funding reemerges as Cedar Rapids city officials defend keeping residential tax load low while acknowledging initial years may cost more than voters were told. The 30 000 home was projected to pay about 8.94 per year based on uncertain factors.
The article details revised estimates for tax increment financing tied to a downtown center and hotel project. It notes bond costs, air rights income, and hotel value assumptions, plus questions over when TIF starts and who bears initial costs. It also covers county auditor Merle Kopel’s objections and city officials’ attempts to resolve timing and funding.
Tax increment financing freezes property value in the downtown renewal area after 1966. Levyed taxes stay at the frozen base while increment funds pay bonds for the community center, with later returns to normal once bonds retire. County taxpayers may fund shortfalls, but overall residential tax burden falls slightly.
A cluttered memorial page lists numerous In memory of remarks with names such as Clarence Mule Harrelson Paul Skaff Alma Saylor Helen Rees Lola Bogue Roy Conner and many others. Various birthday tributes note dates in March and April 1976 with donors including Ruth Paulson Lester Shulista and Otto Kieckhaefer.
The Battle of Blue Licks on August 19, 1783 saw Native Americans ambush and defeat a pursuing Kentuckian force. Daniel Boone commanded for Kentucky, and the clash is noted as the worst American defeat in Kentucky during the war.
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