County focuses on TIF opposition during community meeting

Chelan County leaders met with Upper Valley residents on October 16 to address concerns regarding a proposed tax increment financing (TIF) district in Malaga. The district, which the Port Authority aims to establish, would cover a 3,300-acre area that includes major developments such as a Microsoft facility and a fusion plant. County officials estimate that the TIF could divert about $200 million in property tax revenue over 25 years, which could strain the county's general fund and other local taxing districts. Commissioner Shon Smith highlighted the potential need for increased levy rates if the TIF is implemented. During the meeting, residents mostly asked procedural questions, with one attendee expressing that the deal seemed inequitable.

The Port contends that the TIF is crucial for funding necessary infrastructure improvements to support growth in the region. They argue that any revenue loss for the county would be offset by projected growth and additional tax revenues once the TIF expires. Public meetings regarding the proposal are scheduled for November, with a vote planned for December 9.