State changes bring independent review to Mitchell tax increment financing process

State changes bring independent review to Mitchell tax increment financing process

MITCHELL — South Dakota statute changes push local municipalities to have independent review of tax increment districts before approval. During the Mitchell City Council meeting on Monday, June 15, the council approved updates to its language and terms for its tax increment financing handbook and applications. The biggest change, according to City Attorney Justin Johnson, is the state requirement for an independent fiscal feasibility review, and…