TIF Funding and Budgets

Graph image demonstrating Tax Increment Financing, also known as TIF

Community Redevelopment Agencies receive funding from the very homeowners and business owners that benefit from the improvements. In this way, tax dollars in the CRA district are spent to help revitalize blighted areas of the city. Here's how it works: When a CRA is created, a baseline tax value is established. Then, as that value increases, the extra tax dollars go to the CRA, which must spend those dollars within the CRA district. For example, if a piece of land is worth $100,000, but the construction of a new building increases it's value to $150,000, the ad valorem taxes from the City and County on that $50,000 improvement go into the CRA's budget. This process allows the CRA to build upon successes and improvements made within the district.

Creating Redevelopment Revenue from Tax Value

Community Redevelopment Agencies receive funding from the very homeowners and business owners that benefit from the improvements. In this way, tax dollars in the CRA district are spent to help revitalize blighted areas of the city. Here's how it works: When a CRA is created, a baseline tax value is established. Then, as that value increases, the extra tax dollars go to the CRA, which must spend those dollars within the CRA district. For example, if a piece of land is worth $100,000, but the construction of a new building increases it's value to $150,000, the ad valorem taxes from the City and County on that $50,000 improvement go into the CRA's budget. This process allows the CRA to build upon successes and improvements made within the district.

Available CRA Budgets

  • 2019-2020
  • 2018-2019
  • 2017-2018
  • 2016-2017
  • Previous Years
  • Fiscal Year 2019 – 2020 CRA Budget
    • CRA Operating Budget Amendment #1
  • Capital Projects Budget 2019 – 2020
    • Capital Projects Budget Amendment #1 
  • Debt Service Budget 2019 – 2020 
  • Fiscal Year 2018 - 2019 CRA Budget
    • CRA Operating Budget Amendment #1
    • CRA Operating Budget Amendment #2
    • CRA Operating Budget Amendment #3
  • Capital Projects Budget 2018-2019
    • Capital Projects Budget Amendment #1
    • Capital Projects Budget Amendment #2
    • Capital Projects Budget Amendment #3
  • Debt Service Budget 2018 - 2019
  • Fiscal Year 2017 - 2018 CRA Budget  |  Budget Resolution
    • CRA Operating Budget Amendment #1
    • CRA Operating Budget Amendment #2
    • CRA Operating Budget Amendment #3
    • CRA Operating Budget Amendment #4
      • 2017 – 2018 Debt Service Budget
        • Debt Service Budget Amendment #1
        • Debt Service Budget Amendment #2
        • Debt Service Budget Amendment #3

 

  • Fiscal Year 2016 - 2017 CRA Budget  |  Budget Resolution
    • CRA Budget Amendment #1
    • CRA Budget Amendment #2
      • 2016 – 2017 Debt Service Budget

 

  • Fiscal Year 2015 - 2016 CRA Budget

  • Fiscal Year 2014 - 2015 CRA Budget

  • Fiscal Year 2013 - 2014 CRA Budget

For a copy of the documents call 561-493-2550 or click here to email your request.
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