Saco approves TIF district to benefit transit projects
Saco approves TIF district to benefit transit projects The new district also shelters tax revenue on the increased portion of assessment value as properties are developed. Share The Saco City Council approved sections along Route 1 and in Camp Ellis for a new tax increment finance district that would benefit transit related projects. Courtesy image/City of Saco SACO — The City Council in Saco has approved a plan to shelter new tax revenue derived from increased growth in a new trnsit-related Tax Increment Financing District for the next 30 years. The vote was 6 to 1, with Councilor Natha...
Source: pressherald.com