Local News

City of Pana Offers Workshops on Tax Increment Financing

The City of Pana has scheduled two one-hour workshops to be held on Wednesday, February 8 at the Pana Methodist Church, 619 Kitchell, in Pana with repeated sessions at 3:00 p.m. and again at 7:00 p.m. This workshop will explain Tax Increment Financing, illustrate potential uses of incremental revenues for private and public projects and provide material to property owners about Tax Increment Financing in Pana.

In April of 2011, the City Council of the City ofPanaimplemented Tax Increment Financing in a Redevelopment Project Area which includes downtown Pana. 

Pana Mayor Steven D. Sipes says he believes that helping the business community as well as the general public to understand Tax Increment Financing and the incentives, benefits and programs that can be utilized by existing and new property owners is essential to that success.”  

 

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