Reader opposes merger of Speedway, Prairie Fire TIF districts
To the editor:
Super-TIF District? Here is a quote from the Newton Daily News Friday May 17.
“Currently, the Prairie Fire district has more than $200,000 each year in excess tax revenue that could be applied to the Speedway district’s indebtedness if the two were merged. Such a merger into a “Super-TIF District” is allowed by statelaw. The speedway would only need to have an attendance of 100,000 across all of its events in 2014 in order to cover the remaining $400,000.”
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