Nordenia wrapping up TIF

Nordenia will pay off its bond a year early, which will have an effect on Nell Holcomb School District.

With the end of a tax increment financing program this year, the taxes must go directly to the school district's coffers; state law dictates how that money must be used.

The company was paying more than $164,000 a year under the TIF. Superintendent Darryl Pannier said this is a crucial year for the school district because the state will decide how taxes are assessed the company in the future -- whether to deem the facility new or existing construction.

"I want everything we're entitled to by law," Pannier said.

For more on this story, check back at www.semissourian.com or read Saturday's Southeast Missourian.

pmcnichol@semissourian.com

335-6611, extension 127