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
