Baltimore City Council
File #: 22-0220    Version: 0 Name: Study and Report - Tax Increment Financing
Type: Ordinance Status: In Committee
File created: 4/4/2022 In control: Ways and Means
On agenda: Final action:
Enactment #:
Title: Study and Report - Tax Increment Financing For the purpose of requiring the Director of Finance, the City Administrator, the City Solicitor, the Commissioner for the Department of Housing and Community Development, and the Director of the Office of Equity and Civil Rights to submit a report, in collaboration with advocates, practitioners, and residents, that details how Tax Increment Financing can be used for community development and eliminating vacant and abandoned properties; and providing for a special effective date.
Sponsors: Odette Ramos, John T. Bullock
Indexes: Reports, Study, Tax Increment Financing (TIF)
Attachments: 1. 22-0220~1st Reader, 2. Law 22-0220, 3. Finance 22-0220, 4. DHCD 22-0220, 5. CAO 22-0220, 6. OECR 22-0220, 7. XX Final Synopsis 22-0220, 8. XX Finance Proposed Amend 22-0220, 9. XX Law Proposed Amend 22-0220, 10. Handout 1 22-0220 TIF report Ramos Testimony, 11. XX Final Hearing Notes 22-0220
Explanation: Capitals indicate matter added to existing law.
[Brackets] indicate matter deleted from existing law.

* Warning: This is an unofficial, introductory copy of the bill.
The official copy considered by the City Council is the first reader copy.
Introductory*

City of Baltimore
Council Bill

Introduced by: Councilmember Ramos


A Bill Entitled

An Ordinance concerning
title
Study and Report - Tax Increment Financing
For the purpose of requiring the Director of Finance, the City Administrator, the City Solicitor, the Commissioner for the Department of Housing and Community Development, and the Director of the Office of Equity and Civil Rights to submit a report, in collaboration with advocates, practitioners, and residents, that details how Tax Increment Financing can be used for community development and eliminating vacant and abandoned properties; and providing for a special effective date.
body

Section 1. Be it ordained by the Mayor and City Council of Baltimore, That:

(a) No later than 90 days after enactment of this Ordinance, the Director of Finance, the City Administrator, the City Solicitor, the Commissioner for the Department of Housing and Community Development, and the Director of the Office of Equity and Civil Rights shall submit a report, in collaboration with advocates, practitioners, and residents, about the public financing tool known as Tax Increment Financing (“TIF”).

(b) Prior to the report’s final submission to the City Council a public notice shall be published containing report and seeking public comment for at least 30 days .

(c) The report shall include:

(i) A description of TIF, including:

(1) a...

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