Letter: City council must take closer look at TIF funding

I have been a business owner and long time resident of the wonderful Greenwood area community who is very concerned with the current way the city is using the tax increment financing (TIF) district funds. TIF was established to help fund infrastructure, which would facilitate economic development by enticing companies to come to our area to establish or expand operations.

The funds generated from the TIF districts do not go into the general funds of the city, the local school districts nor the libraries. For years, the TIF funds in Greenwood were used for their intended purpose.

Previous city administrations worked for years to build new facilities for a pool and a city building, both of which are badly needed. Time after time, the citizens of Greenwood voiced their opinion that these items were not “in their means” to fund.

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