Thought Leadership

Court Issues Moratorium on New TIF Projects Due to City’s Reporting Violation

January 5, 2016 Advisory

A recent court decision shows that judges are willing to hold a municipality responsible for failing to strictly comply with Tax Increment Financing (TIF) reporting requirements. 

The Circuit Court of Boone County held that the City of Columbia is prohibited from implementing any new TIF projects through December 31, 2019 because it failed to comply with statutory reporting requirements related to its administration of current TIF projects (State of Missouri v. City of Columbia, 14BA-CV00493). 

The City unsuccessfully argued that it shouldn’t be held responsible because there were no notices of violation of the reporting requirements by the State of Missouri departments that should have received the reports. In addition, it argued that there was little information to report. Under § 99.865 of the Missouri Revised Statutes, a municipality that fails to comply with the reporting requirements is prohibited from implementing any new TIF project for no less than five years from the municipality’s last violation. 

Improper reporting can lead to severe disciplinary action. Armstrong Teasdale and its subsidiary Development Dynamics are available to affordably assist municipalities in complying with their TIF and other public-finance related reporting requirements

Contact Us
  • Worldwide
  • Boston, MA
  • Denver, CO
  • Edwardsville, IL
  • Jefferson City, MO
  • Kansas City, MO
  • Las Vegas, NV
  • New York, NY
  • Philadelphia, PA
  • Princeton, NJ
  • Salt Lake City, UT
  • St. Louis, MO
Worldwide
abstract image of world map
Boston, MA
225 Franklin Street
26th Floor
Boston, MA 02110
Google Maps
Boston, Massachusetts
Denver, CO
4643 S. Ulster St.
Suite 800
Denver, CO 80237
Google Maps
Denver, Colorado
Edwardsville, IL
115 N. Second St.
Edwardsville, IL 62025
Google Maps
Edwardsville, Illinois
Jefferson City, MO
3405 W. Truman Boulevard
Suite 210
Jefferson City, MO 65109
Google Maps
Jefferson City, Missouri
Kansas City, MO
2345 Grand Blvd.
Suite 1500
Kansas City, MO 64108
Google Maps
Kansas City, Missouri
Las Vegas, NV
3770 Howard Hughes Parkway
Suite 200
Las Vegas, NV 89169
Google Maps
Las Vegas, Nevada
New York, NY
919 Third Ave., 37th Floor
New York, NY 10022
Google Maps
New York City
Philadelphia, PA
2005 Market Street
29th Floor, One Commerce Square
Philadelphia, PA 19103
Google Maps
Philadelphia, Pennsylvania
Princeton, NJ
100 Overlook Center
Second Floor
Princeton, NJ 08540
Google Maps
Princeton, New Jersey
Salt Lake City, UT
257 East 200 South
Suite 350
Salt Lake City, UT 84111
Google Maps
Salt Lake City, Utah
St. Louis, MO
7700 Forsyth Blvd.
Suite 1800
St. Louis, MO 63105
Google Maps
St. Louis, Missouri