In a move that can be described only as a “conspiracy,” Capital City Development Corp. (CCDC) has agreed to payoff Boise Schools in exchange for support (non-intervention) in a pair of new urban renewal districts. Hush money?
The pay off is couched deep within a resolution:
“WHEREAS the District, the Agency and the City desire to mitigate the revenue loss to the District from the Charter Levy by cooperating with the District to identify and fund a portion of the District’s capital facilities needs in Plan Areas, subject to duly authorized improvements identified in the Plans, consistent with the overall purposes and powers of the Agency.”
Don Day at BOISEDEV has a detailed account of the behind-the-scenes conspiracy.
Boise Schools need the tax revenue that is otherwise diverted to the CCDC for 20 years. This collusion implies that school tax revenues are more important than other taxing units such as ACHD, Boise City, Ada County, and other, hence the special consideration.
Under “tax increment financing,” the tax on improvements and appreciation within an urban renewal district is diverted to the CCDC. Owners pay the taxes, but the money goes to CCDC.
The move by Team Dave and the CCDC is clearly to “buy off” the Boise Schools. The GUARDIAN questions the legality of an urban renewal agency determining which government entity pays while others are excused in a quid pro quo agreement to buy their silence.
As usual, the citizens suffer and the developers benefit. The Idaho Freedom Foundation’s lawsuit is an attempt stop the collusion among other things.
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