Tax Increment Financing

Tax Increment Financing (TIF) is a financial tool that cities use to attract new industrial development, create jobs, redevelop declining areas, or clean up environmentally contaminated sites. 

Decertifying TIF Districts

Over the next several years, as TIF districts are decertified, this increment value is added back to the City’s total tax capacity. The City’s goal is to keep its levy increases in line with capacity increases. The decertification of TIF districts is beneficial in this regard. There are five districts which will end in the next five years.

Decertified TIFs add to Tax Capacity