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City of Roseville — 2004 Budget <br />Debt Service includes the principal and interest paid on bonds used to finance infrastructure and facility <br />improvement projects. The increase in debt service costs will result due to the additional debt payments <br />related to the voter - approved facility bonds issued in 2003. <br />TIF Pay -as- you -Go refers to tax increment paid to developers as specified in Tax Increment Financing <br />(TIF) agreements between the City and various developers. The decrease in TIF pay -as- you -go will <br />result due to the termination of various developer agreements for which all city obligations have been <br />met. <br />