What are some other key facts related to TIF Districts?

July 30, 2020

  • Increment is chosen by the Council
  • Term is flexible (up to 50 years)
  • Funding can be spent on a variety of different things
  • Can be layered with other incentives/programs
  • No loss in existing tax base revenue
  • Includes an implementable financial plan
  • New legislation allows for business benefits/programs as well as neighborhood improvements
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