Tax Increment Financing

Our community has established a tailored Tax Increment Financing (TIF) Program, which permits the City to declare improvements to certain parcels of real property to be a public purpose and allows us to recoup the increased taxes from the new development to finance various public improvement projects. The TIF economic development mechanism is anticipated to:

  • Encourage private investment
  • Enhance property values in specific areas of our community
  • Expedite construction of public improvements
  • Increase employment opportunities
  • Promote economic development