City of Franklin terminates four TIF districts due to a Warren County Auditor's Office error that resulted in a $512,403 overpayment
The City of Franklin, in Warren County, has agreed to a settlement with several other local governments after determining that it overcollected TIF payments totaling more than $500,000, the Dayton Daily News reports. The settlement follows the discovery that the Warren County Auditor's Office had used "the wrong base year to calculate payments in four tax increment financing districts for tax years 2007 through 2012," resulting in the error. For more, read the full story.
