County officials get TIF talk

Decatur Daily Democrat:

Decatur officials are seeking to create a tax increment financing (TIF) district within the city limits to receive tax proceeds from future increases in assessed property valuation of businesses and industries in the city, but not from any single-family residences in town.

Such tax proceeds would go to the Decatur Redevelopment Commission (DRC) for use in economic development projects within the city limits as a way of gaining jobs, raising payroll and local revenue, and even selling homes to new working families.

A Decatur TIF would not involve any businesses or industries outside of the city limits and any move to enlarge the Decatur TIF would require the same lengthy and detailed process that has been used to get the idea for a city TIF this far.