Tax increment financing is a method used by local governments across South Dakota to help pay for infrastructure needed for development projects. It diverts property or sales taxes to underground and above ground improvements needed for economic projects.
Yankton City Manager Amy Nelson says it is an important tool…….

More legislators have questioned the use of TIF’s by governments.
Nelson says a lot of that is because people are don’t understand their use…..

Nelson says the municipal league would oppose any major rollback of TIF use…..

Much of the opposition to TIF use is because of the negative impact to school finances.