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New city policy could set boundaries around New Braunfels development funding

New Braunfels City Council members on Monday are expected to consider the adoption of a tax increment financing policy. Tax increment financing, also known as TIF, is a tool available to municipalities under the state s tax code that utilizes the increase in property and sales taxes within a defined geographic area as a source of revenue for public improvements as described in a project and finance plan. The proposed policy outlines the goals of TIF deployment, as well as establishes expectations and requirements for the level of due diligence that would be undertaken. According to city officials, the purpose of such due diligence is to provide some reasonable assurance that any project applying for TIF assistance would not occur but for the incentive and that the improvements proposed will be constructed within a reasonable timeframe.

New Braunfels seeks input on maintenance plan

City officials are seeking input for a street maintenance plan through online feedback and an upcoming public forum. Each year the city budget allocates funds for street maintenance projects to be completed throughout the next fiscal year.  As budget discussions begin for the 2021-2022 budget cycle, the city’s Public Works Department is asking for the public’s say on which of the city’s 893 lane miles of city roads need to be addressed in the coming year. As part of the public input process, an in-person public forum is scheduled for Wednesday at 6 p.m. in the Tejas Room at New Braunfels City Hall, 550 Landa St. 

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