Learn More About Tax Increment Financing (TIF)

Have questions about Tax Increment Financing (TIF) and the proposed TIF District No. 2-2 for the Equinox Townhomes development?

The City has prepared a Frequently Asked Questions (FAQ) document to help residents better understand the proposal and how TIF works. The FAQ explains TIF in clear terms and addresses many of the questions the City has received from the community.

Topics include:

• What Tax Increment Financing is and how it works
• How the proposed pay-as-you-go financing would work
• The amount of proposed financial assistance
• How tax increment would be generated and used
• Potential impacts on property taxes and City services
• Why TIF is being considered for the project
• How long the proposed TIF district could remain in place
• What happens when the TIF district ends

We encourage residents who have questions about the proposal to read the full FAQ to learn more about TIF, the proposed financing structure, and the considerations involved with the project.

Being informed helps residents better understand the decisions being considered by the City and the potential long-term impacts of development in our community.