I am writing to respond to Donna Walto's letter on Saturday, Feb. 15 headlined "Giveaways cost Pittsfield taxpayers." Ms. Walto suggests that Tax Increment Financing ("TIF") packages put in place in 1998 and 2005 for the buildings located at 297 and 273 North St. were still benefiting the property owners.
In 2012 Mayor Bianchi rescinded those TIFs because they did not comply with the original terms of the agreements. His action rescinding the TIFs was presented in a public meeting, the City Council meeting.
TIF performances are reviewed regularly to insure that they are in compliance with the original conditions. The status of any TIF is available to the public at the Community Development Department.
The writer is director, Community Development Office.