Lawrenceburg High School file photo

Update posted at 10:35 a.m.:

Lawrenceburg Community Schools announced Thursday that the February 14 school board meeting on TIF district discussion has been cancelled.

Original story posted at 7:56 a.m.:

(Lawrenceburg, Ind.) – The members of the Lawrenceburg Community Schools Board of Trustees may not love what TIF districts do to revenues, but they’ll spend their Valentine’s Day evening discussing them.

A Tax Increment Financing district is a public financing method usually used for subsidizing redevelopment, infrastructure, and other community-improvement projects.

Last month, the Lawrenceburg Redevelopment Commission voted 3-1 to expand the city’s TIF along U.S. 50 near Tanners Creek Drive, arguing that it would help keep and lure jobs to the city. Some existing businesses, such as Kroger, are included in the TIF expansion.

The larger TIF could mean less income for the school district, which relies largely on property taxes for revenue.

This evening’s school board meeting begins at 5:00 p.m. at the Lawrenceburg Schools Administration Office, 300 Tiger Boulevard. The TIF District discussion is the only item on the agenda.