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The original item was published from 12/9/2019 8:58:28 AM to 12/20/2019 12:05:02 PM.

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Posted on: December 9, 2019

[ARCHIVED] York County to Review the City of Rock Hill’s TIF District Amendment Request

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The County is currently in the process of reviewing the City of Rock Hill’s Tax Increment Financing (TIF) District Amendment request. York County will spend the appropriate amount of time in reviewing the request. The County’s review process will be transparent, and is what York County taxpayers deserve.

The Rock Hill School District negotiated with the City of Rock Hill for over nine months before agreeing to the City’s request. York County is not seeking a similar time-frame. In fact, York County understands the urgency of the request, and intends to review the City’s request in a timely manner.

“The County is focused on ensuring the tax payers are protected through a transparent and thorough review of all the details,” said York County Interim Manager David Hudspeth.

Additionally, the City of Rock Hill offered the Rock Hill School District sizable incentives for the School District’s agreement of the TIF amendment. However, the County will not seek financial incentives from the City.

The County recognizes the potential risks if the City is unable to pay the debt off as purposed. This could require an extension to the TIF, which has already been amended multiple times since its inception. An extension of the TIF would further delay any tax benefit from the project for the County as a whole. York County will take the necessary steps to limit this risk to York County taxpayers.

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