tif fund budgets
Planned uses and priorities in proposed TIF fund budgets.
Watch for the revised TIF budget tables after the levy numbers are set, and any plan to deal with negative balances as districts approach closure.
Typically discussed at Personnel and Finance Committee. Check back when the next agenda is published.
At the Oct. 30 Personnel and Finance Committee meeting, staff walked through proposed TIF district budgets and said the numbers will shift once the property tax levy is known. The big takeaway: TIF Districts 6 and 10 are expected to close in 2026 with negative balances, and a few other districts could also end a year slightly in the red because of service fees.
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Staff presented proposed TIF district budgets using the same total property tax revenue as the prior year, redistributed based on updated increment values, and said the figures will change once levy information arrives.
Personnel and Finance Committee -
Staff said TIF Districts 6 and 10 are expected to close in 2026 with negative balances.
Personnel and Finance Committee -
Staff said TIF Districts 15, 16, and 17 may end the year slightly negative due to service fees, even though they have years remaining.
Personnel and Finance Committee