As we approach fall, I am focused on ideas for new legislation for the 108th legislative session. One issue I want to tackle is improvements to the Micro-TIF program, so municipalities and counties in District 42 have the best tools they need to grow.
Today, there are three Tax Increment Financing (TIF) programs available. Traditional TIF was designed to help developers offset costs associated with land and infrastructure investments. A 15-year bond is issued to cover those costs.
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