Skip to main content

Tax Increment Financing (TIF)

Chart illustrating the timeline and revenue distribution of Tax Increment Financing (TIF). It shows the original taxable value and the increase in taxable value due to development. Portions of increased value go to the TIF education fund and other increments. Timeline markers include municipal debt approval, infrastructure improvements, and the conclusion of TIF after 20 years.

Tax Increment Financing (TIF) is a tool that municipalities use to finance improvements for public infrastructure like streets, sidewalks and storm water management systems. The improvements serve a specified area known as a TIF District. Active and retired TIF Districts have proven that TIF leverages additional private investment that builds and renovates the housing, commercial, and retail space needed to grow jobs and the economy.

TIF Districts 

Agreed Upon Procedures Form 

For existing TIF Districts as part of their annual independent audits.