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Tax Increment Financing
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Can school taxes be captured after proposal A?
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Answer:
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Only to the extent they are necessary to make required payments on "eligible obligations", "eligible advances," or "other protected obligations." See the DDA, TIFA and LDFA public acts and the Michigan Department of Treasury form 2604 for details.
Please note that the plan may not capture a greater proportion of school operating taxes than the proportion of municipal operating or county operating taxes captured.
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