Lately there has been some confusion regarding the investment that Dakota Plains has made in Yankton County. Let me help by providing some facts in a format that is easy to understand.
A TID (Tax Increment District) was created by the Yankton County Commission as an economic development tool for the Napa Junction project.
A TIF (Tax Increment Financing) is the plan that is created to finance the eligible public improvement and other costs associate with the TID.
The “Increment” is the difference between the taxes being paid at the time the TID was established and the taxes due on the improved property...
A proposed pelleting plant may be sailing in smoother waters after being the subject of online controversy.
Officials with Dakota Protein LLC appeared before the Yankton County Commission to clarify a proposal to use tax-exempt private activity bonds to make the facility a reality.
Toby Morris, who is a partner on the project, addressed the commission on what the project entailed.
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