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Somerset City Council met Monday via Zoom due to current COVID-19 conditions. Council approved the creation of two Tax Increment Finance districts. alert featured
By CARLA SLAVEY
Commonwealth Journal Dec 14, 2020
Dec 14, 2020
Somerset City Council met Monday via Zoom due to current COVID-19 conditions. Council approved the creation of two Tax Increment Finance districts.
Somersetâs City Council granted approval for two Tax Increment Finance (TIF) districts to be created, but each took a different voting path to reach the same end-goal.
Over the past few weeks, council members have listened to Chris Girdler, President/CEO of the Somerset-Pulaski Economic Development Authority (SPEDA) as Girdler explained the process and potential rewards for the city to create these districts.