Paxton tax-increment hearing delayed
PAXTON — Next Tuesday's public hearing for Paxton's proposed tax increment financing district will be rescheduled, the city's tax-increment attorney said.
Dan Schuering, who was hired by the city five years ago to help with the district, said Tuesday that he was finalizing a new schedule for launching the economic tool and that he would be prepared next week to announce a new date for the public hearing.
"We're going to reset the calendar (for implementing the district) once more, and we're going to finish it this time," Schuering said.
Until Mayor Bill Ingold signs off on the new calendar, Schuering said, he would not disclose the anticipated date for a new hearing or the date that he expects the council to vote on the TIF district's implementation.
The rescheduling of the hearing is the latest delay in the startup. After a public hearing was held in March, the district was supposed to be implemented no later than June.
However, the city was required to delay its implementation this summer because the city did not meet all of its legal obligations when the hearing was held in March. To address the issue, the council had approved setting a new public hearing for July 31, with the anticipation of implementing the district in August.