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EXHIBIT A TO ORDINANCE NO.14622 (Revised 12/20/22)MAS Financial Advisory Services, LLC TIF Administration Proposal December 20, 2022Responsibilities 1. Maintain and keep updated the TIF Master List
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How to fill out tax increment financing
How to fill out tax increment financing
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Determine if your project is located in a tax increment financing district.
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Gather all necessary financial information for the project.
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Who needs tax increment financing?
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Developers looking to finance infrastructure improvements in blighted or underdeveloped areas.
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Local governments wanting to promote economic development and revitalization in specific areas.
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What is tax increment financing?
Tax increment financing (TIF) is a public financing method used to help stimulate economic development and redevelopment in a specified area.
Who is required to file tax increment financing?
Municipalities or local governments are typically required to file tax increment financing plans.
How to fill out tax increment financing?
Tax increment financing plans can be filled out by gathering data on the designated area, calculating projected tax increments, and outlining proposed projects.
What is the purpose of tax increment financing?
The purpose of tax increment financing is to promote economic growth, create jobs, and improve infrastructure in blighted or underdeveloped areas.
What information must be reported on tax increment financing?
Information such as the proposed projects, expected tax increments, timeline for completion, and impact on the community must be reported on tax increment financing plans.
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