Proposal expected in February to capture added tax revenue from planned development of Mayo Clinic parking lot.

Dec. 5—ROCHESTER — Tax-increment financing is expected to be used for public parking and affordable housing planned in connection with Rochester's future rapid transit system. "Our goal is to ...

Another new housing development. Another forgivable loan. The city of Kokomo is creating a tax increment financing district and will issue a $2.985 million forgivable loan paid with TIF funds to the ...

A long-awaited project to rehabilitate the public docks at Weirs Beach will soon be underway with city council approval on ...

The Village Board agreed Monday evening on a timeframe to create Howard's 10th tax increment financing (TIF) district to help ...

On December 2, the Spearfish City Council voted to transfer $1.2 million from the general fund to tax increment financing ...

Renovations to a historic building could yield 154 new housing units downtown, plus fresh retail space. Construction is ...

The Missouri auditor's office has received several complaints about Chesterfield's tax package for the development, citing "operational and fiscal concerns." ...

Peoria-based Natural Fiber Welding laid off scores of workers on Tuesday in another downsizing move by a business city officials have staked as an anchor for a new tax-increment financing district.

The increase is well below Mayor Brandon Johnson’s previous proposal of $300 million to help cover a $982 million budget ...

Where the $4 million will help spur creation of the new homes with a Nov. 1, 2027, deadline, the TIF agreement calls for ...

"This is a very accelerated timeline," said one alderman. "Moving legislation so fast like this, we just want to make sure we're doing the right thing." ...