NL files annual report with state
By Lori Lindner
North Liberty Leader
NORTH LIBERTY– As per Iowa’s Tax Increment Financing (TIF) law reforms, cities are required to file a comprehensive report each year outlining their TIF obligations, TIF revenues and how they spend them.
The City of North Liberty just filed its 2013 report, which indicates the city has $37,159,359 in outstanding TIF debt. That amount is down from the previous year, when North Liberty reported a total of $44,598,591 in outstanding TIF debt.