Many of you know that the Council was active in working on tax increment financing (TIF) reform last term. Last week, a June 30, 2022, deadline passed. As a result, absent further action by MDHA and the Council, no new TIF loans are allowed in these 8 redevelopment districts.

I've been working on getting the details of the TIF loan restructuring that is going to allow another $7.5 million for MNPS salaries.MDHA has been very helpful in giving me details this week.