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Dec18Form 635.1Department of Management166625Adoption of Budget and Certification of City Taxes FISCAL YEAR BEGINNING JULY 1, 2019, ENDING JUNE 30, 2020, The City of:County Name:MITCHELLResolution
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Who needs tif capital projects?

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Local governments and municipalities looking to finance infrastructure projects and spur economic development in designated TIF districts.
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TIF (Tax Increment Financing) capital projects are projects funded through tax increment financing, which allows municipalities to use future increases in property tax revenue to finance current infrastructure improvements.
Local government entities or agencies responsible for managing tax increment financing districts are required to file TIF capital projects.
TIF capital projects can be filled out by providing details on the project scope, budget, timeline, funding sources, and expected outcomes.
The purpose of TIF capital projects is to stimulate economic development, create jobs, and improve infrastructure and public amenities in designated areas.
Information that must be reported on TIF capital projects includes project description, budget breakdown, funding sources, timeline, and expected impact on the community.
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