Tuesday, November 02, 2010

TIF confusion

Pleased to report that the Audit Committee's recommendations were pretty much accepted in full this morning - with only the timeline being delayed slightly from January ... but the spirit of what was requested, was accepted.

Most debate, somewhat surprisingly, actually centred around the use of Tax Increment Finance (TIF) for trams - or not?

Frankly, there appears to be a degree of confusion (I'm being polite!) around this issue and one can only hope that someone, somewhere, provides a bit of a clear lead in the not-too-distant future :-(

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