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Gering Council to hold budget hearing, consider standardized TIF process | KTIC Radio

Gering Council to hold budget hearing, consider standardized TIF process

Gering Council to hold budget hearing, consider standardized TIF process
(Miller/KNEB/RRN)

The Gering City Council tonight holds a public hearing on their 2019-2020 budget, which comes in at a little more than $34 million.

For property owners, the city is asking for just over $1.4 million, nearly identical to the property tax revenues from the previous fiscal year.

City engineer Annie Folck will be discussing development of standard procedures for utilization of Tax Increment Financing, as the city currently does not have any guidelines on the process.

Folck is proposing developers seeking TIF be required to submit an application and pay a fee that would recover the city’s expenses involved in the process, similar to what is done in Alliance and Scottsbluff.

The council will also be making some changes to compensation rates for a number of positions inside city government, including a 1.3 percent cost of living adjustment for certain staff.

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