Can the municipality also use the money generated in a TIF District?

Yes, the municipality can also use the money in the special TIF fund to make public investments such as:

  • Infrastructure improvements such as streets, sidewalks, water/sewer lines, broadband, street lighting, and water and sewer lines.
  • Funds can also be used to make property purchases within the District, as well as marketing expenses related to the District.

Show All Answers

1. What is a Tax Increment Financing (TIF) District?
2. How does the Tax Increment Finance (TIF) program work?
3. What are some of the approved costs for a private homeowner or developer?
4. Can the municipality also use the money generated in a TIF District?
5. What are the benefits of a TIF to the neighborhood?
6. Why did the City of Carbondale develop a residential TIF?
7. If my home or neighborhood becomes part of a TIF District, does this mean that businesses will be able to relocate there?
8. How can I find out if my property is within a TIF district?
9. What are the TIF Architectural Design Standards and how do they affect my project?