Letter: Tax packages were rescinded

Posted

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In 2012 Mayor Bianchi rescinded those TIFs because they did not comply with the original terms of the agreements.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.

DOUGLAS CLARK

Pittsfield

The writer is director, Community Development Office.


TALK TO US

If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.

Powered by Creative Circle Media Solutions