TIF District Resources

​Tax Increment Financing (TIF) districts are a tool for local governments to foster economic development and revitalize specific areas. They encourage private investment in locations that might otherwise struggle to attract growth by channeling future tax revenues to transform underdeveloped or blighted properties.

A TIF district is a designated geographic area where local governments stimulate private investment and redevelopment. Its purpose is to address blight, deterioration, or underdevelopment that hinders an area’s economic potential. Without public intervention, development in these areas might not occur. The core concept involves capturing the “tax increment,” which is the increase in property tax revenue from new development within the district.

TIF funds support projects and expenses aimed at revitalizing the designated district. Eligible uses include public infrastructure improvements, such as roads, sewers, water lines, and utilities. Funds can also be used for land acquisition, demolition of dilapidated structures, and environmental remediation of contaminated sites. TIF funds may also support the rehabilitation or renovation of existing public or private buildings, job training programs, and costs associated with attracting private development. The specific types of projects and expenditures permissible are defined by state laws and local ordinances governing TIF districts.