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What is TIF ? <br /> • TIF is a financing tool used to fund economic development and <br /> investment in infrastructure and other public improvements <br /> • Allows the "capture" of "incremental" or future increased tax <br /> dollars that are generated due to development in a "Tax <br /> Increment Financing Allocation Area" <br /> • Taxes on the Incremental Assessed Value are captured and can <br /> be dedicated to eligible projects in the Economic Development <br /> Area in which the TIF District lies <br />