TIF

Post date: Jun 23, 2016 1:17:42 PM

Request by Jeffrey Thomas for discussion.

Note that there are 2 potential tools -- tax increment financing and special tax assessments. Can be used for a period of at least five years for incentives to relocating or expanding businesses.

Summary at http://www.mass.gov/hed/economic/eohed/bd/econ-development/eligibility/real-estate-incentives/

The Town has used Special Tax Assessments in the past - early 2000s for 1896 House.

Some additional guidance from Commonwealth on TIF and DIF (District Improvement Financing) - http://www.mass.gov/envir/smart_growth_toolkit/pages/mod-diftif.html