{ "culture": "en-US", "name": "", "guid": "", "catalogPath": "", "snippet": "Areas that are part of a Tax Increment Financing (TIF) district", "description": "
Polygons representing active Tax Increment Financing (TIF) districts.<\/SPAN><\/SPAN><\/P> Tax Increment Financing (TIF) is a tool that can be used to facilitate growth within the city\u2019s established Redevelopment Areas. Tax Increment Financing (TIF) uses the additional property taxes (the increment) that are paid as a result of a new development to pay for the development costs. The city must find that the development would not happen through solely private investment and that the new development will result in a net increase in market value for the site.<\/SPAN><\/SPAN><\/P> The result of a TIF project is an increased tax base that will benefit all local taxing jurisdictions. Additionally, TIF districts usually spur economic development and redevelopment through creating jobs, removing blight, and providing more affordable housing.<\/SPAN><\/SPAN><\/P>