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Pierce County Board of Commissioners Recreation DepartmentRenovation of Four (4) Baseball FieldsBIDS DUE ON December 14, 2021, at 10:00AM FOR BID SPECS, CONTACT MAMIE JACKSON, FINANCE DEPARTMENT 312
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New north side TIFs (Tax Increment Financing) are financial tools used to stimulate economic development in designated areas by capturing future tax revenue increases to fund improvements and development.
Entities involved in the creation or modification of Tax Increment Financing districts, including developers and municipalities, are generally required to file new north side TIFs.
To fill out new north side TIFs, applicants must provide detailed information regarding the project's scope, budget, expected tax increments, and any planned improvements.
The purpose of new north side TIFs is to encourage investment in underdeveloped areas, promote economic growth, and improve infrastructure by leveraging future tax revenues.
Information that must be reported includes project descriptions, expected financial impacts, timelines, and any public benefits associated with the investment.
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