Budgeting for and actual spending for TIF, and particularly for the business community as opposed for City projects, has increased dramatically in the last few years; however, you’d never know it from listening to some members of the business community. Here’s some of the numbers for the geeks among us.
BUDGETING (These numbers are a little difficult to discern due to vague budgeting documents and they are taken from the Planning and Development Budget in the Capital Budget)
2007 – $15,549,000.00
$14,949,000.00 or 96% for businesses and developers
$600,000.00 or 4% for infrastructure improvements and City projects
2006 – $13,189,000
$11,674,000 or 89% for businesses and developers
$1,515,000 or 11% for infrastructure improvements and City projects
2005 – $11,952,500
$10,185,000 or 85% for businesses and developers
$1,767,500 or 15% for infrastructure improvements and City projects
2004 – $8,201,000
$4,376,000 or 53% for businesses and developers
3,825,000 or 47% for infrastructure improvements and City projects
2003 – unavailable
2002 – $5,200,000
$3,500,000 or 67% for businesses and developers
$1,700,000 or 33% for infrastructure improvements and City projects
2001 – $9,265,000
$5,565,000 or 60% for businesses and developers
$3,700,000 or 40% for infrastructure improvements and City projects
2000 – $7,260,000
$3,500,000 or 48% for businesses and developers
$3,750,000 or 52% for infrastructure improvements and City projects
ACTUAL SPENDING FOR BUSINESS COMMUNITY
2007 – $4,900,000
2006 – $4,404,000
2005 – $5,517,000
2004 – $2,200,000
2003 – $1,553,000
2002 – $100,000
2001 – $0
2000 – $3,567,000
I find it interesting that the budget documents have so much more budgeted for businesses compared to what gets reported for the downtown and city-wide.
