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City to host South Cape development workshop

September 10, 2019

The City of Cape Coral's Economic Development Office will hold a South Cape development workshop this Thursday from 8 a.m. until noon at Vineyard Community Church....

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Sep-13-19 2:25 PM

I have a question for the reporter. I have always been under the impression that the properties in the CRA had an additional tax over and above the taxes that everyone else pays, and that additional tax is what funds the CRA. The last paragraph seems to say that I was mistaken, and they're taxed the same way as everyone else and the tif actually reduces those properties' contribution to the general fund and diverts that portion to the CRA's budget. Is that what you mean, or am I misinterpreting it?

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