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SPRINGFIELD SMALL BUSINESS LOAN PROGRAM GUIDELINES *As of May 3, 2017×Program Administrator: Yvonne Plummer Springfield Office of Planning & Economic Development Springfield, MA 01104 Phone: (413)
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What is tax increment financing?
Tax increment financing is a public financing method used to stimulate economic development in areas that are deemed in need of revitalization.
Who is required to file tax increment financing?
Local governments or authorities are typically required to file tax increment financing reports.
How to fill out tax increment financing?
Tax increment financing is typically filled out by providing detailed information about the area in need of development, projected costs, and expected revenues.
What is the purpose of tax increment financing?
The purpose of tax increment financing is to use future gains in taxes to finance current improvements that will create a higher tax base in the future.
What information must be reported on tax increment financing?
Information such as projected development costs, expected tax revenues, and details about the area in need of revitalization must be reported on tax increment financing.
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