Tobin Hoffmann News Today

New Braunfels City Council members on Monday adopted a tax increment financing policy that officials say establishes a framework and processes to evaluate the creation of tax increment reinvestment zones in the city and requests for funding potential economic development projects. Tax increment financing, also known as TIF, is a tool available to municipalities under the state’s tax code that utilizes incremental property and sales taxes within a defined geographic area to offset the costs...