To the editor:
A much discussed topic lately has been the city of Greenwood’s plans for a new pool facility and how it will be financed.
Much has been made of the impact of tax-increment financing districts on local taxing entities, such as the school district and library.
First, I’d like to point out that the tax revenue collected by the districts does not go into the city of Greenwood’s general fund.
That money is placed in a special fund controlled by the Greenwood Redevelopment Commission and cannot be used by the city to pay operating expenses, salaries, etc. Its use is strictly controlled by state law.