Chelan County Passes Moratorium on Creation of TIFs in Unincorporated Areas
The Chelan County Board of County Commissioners enacted a six-month moratorium on new tax increment financing (TIF) projects in unincorporated areas, effective immediately. This decision addresses concerns about the rapid development of a TIF in Malaga, which could divert $50.3 million in tax revenues from the county. Public comment will be solicited at a hearing on September 23.