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Correspondence 1989-1992 Waldron
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Correspondence 1989-1992 Waldron
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Last modified
2/18/2016 8:22:13 AM
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2/9/2016 1:05:35 PM
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� <br />� <br />� <br />�� <br />iI1THAT IS TAX INGI�EII�ENT <br />TAX INGREMENT IS A FINANCING METHC.�D A`IAILABLE <br />TO CITIES TC) HELF BRING ABQUT NEW DEVELCaPMENT <br />�R RE-DEVEL�FMENT. TAX INCREMENT FINANCING <br />iNQRKS LIKE THIS: <br />1. THE CITY ;LQCKS IN' THE EXISTING <br />THE FARGEL. THE "L4CKED IN' TAX <br />CC�NTIIVUES TQ G� Ta THE SCHOC3L <br />C�UNTY, ETC. <br />T,AX QN <br />DISTRICT, <br />�. THE CITY IOIIUST SHUW THAT WITHOUT TAX <br />INCREMENT, THE PARTICULAR PRQJECT W�ULD <br />�tQT BE FEASIBLE. <br />3. THE DIFFEREI�CE BET�IITEEN THE INCREASED TAX <br />c'�N THE I� EW DEVELUPMENT �IS. THE LQCKED IN <br />TAX EQUALS THE T�X INCREIVIENT. <br />AiV EXAMPLE G�F THIS W�ULD �E A SITE WITH <br />'LO�KED IN` TAXES QF � 1 Q,��� THAT THE <br />CDUN'TY, CITY, AND SCHQC�L DISTRICT ALL <br />SHARE. <br />RE-DEVELOPMENT QF THE OLD SITE RE5ULTS <br />IN NEW T�1.XES �F .�aQ,Q00. THE QRIGINAL <br />S 1 �,00a C4IVTINtJES Ta BE LOGKED TN. THIS <br />LEAVES S9Q,p44 IN TAX INCREMENT FaI� <br />DEVELQPMEIVT PURPtJSES. <br />
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