Tax Increment Financing is a mechanism which allows a municipality to create districts in development areas showing evidence of deteriorating property values, and then capture taxes generated from new capital investment within those districts.  The captured taxes are used to finance public improvements to the district, including infrastructure improvements such as roads, water, sewer and site development.

 

The Tax Increment Finance Authority (TIFA) is the Board charged with the responsibility for developing long-range plans designed to halt the decline of property values and to promote the growth of the development areas and to implement those plans.  The Authority meets on the second Thursday of each month.

 

Clarence Bennett, Chairperson

Patrick Hassett

Charlotte Copple

Chad Creager 

Steven Goodhall 

Paul Landsberg

Kaye Thornton

 

Questions about the TIFA may be directed to Mr. Thomas A. Tanghe, Assistant City Manager, at 248-370-9440.