New Braunfels OKs policy on special zones
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 stateâs tax code that utilizes incremental property and sales taxes within a defined geographic area to offset the costs of needed public infrastructure to attract additional private investment. The sidewalk is marked as...
Source: herald-zeitung.com