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. Apr�l 6, 1988 <br />Senatox Hughes <br />Page -2- <br />�. A provisiQn, whfch is retroactive to Deceanber 31st, 19v6, <br />r�quires a tax increment district located fn a echaol <br />di�trict in �hich vot�rs have a�proved a ne� Yefe���dum <br />l�vy, to pay the school district the amount gQnera�ed by ��Q <br />�aw l�vy. <br />As pr�vfously �t�ted, tax incr�ment financfng is one of th� f�w <br />�oals �hat i� �t�ll available �o ]ocal communftiss for <br />�ed���lopmsnt purpose� �nd jab creation. We would v�ry rnuc� <br />a�pr�c�gt� �our as��s�anco in halpinq u� pr�s@rve this critic�l <br />�ool fo� tha �i�y o� �o��v�ll�. <br />�in��r�l�, <br />��m �nd�a� <br />Cit�r Mar�ag�r <br />���y o�' �to�avi��� <br />s�� <br />� <br />� <br />