Fort Scott City Commission talks tax incentives for downtown buildings
Fort Scott City Commissioners on June 18 discussed Reinvestment Housing Incentive Districts. Bourbon County Regional Economic Development Director Robert Harrington said a RHID for the downtown area would fund “any upper-story living,” while the lower level must be commercial. The RHID would not pay for such items as appliances and furniture. A RHID is a program designed to aid developers in building housing within communities by assisting in the financing of public infrastructure improvements. RHID captures the incremental increase in property taxes created by a housing development project for up to 25 years. The revenue can be used for reimbursement for [...]