Friday, December 5, 2008

Questions NewsLanc source re $10 million grant

"Your article says the $10 million State grant is to connect the streets. City officials told me Lancaster City needs to pay to connect the streets with its own funds.

"Lancaster City plans to pay for this with a bond sale paid for with funds from a Tax Incremental Finance district, 50% of all increased real estate assessments based on improvements made within that zone (including School and County taxes."