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Waggoner's Dairy Farm, Inc. Phase II Annexation Area 12 <br />10) In general, Tax Incremental Finance Districts (TIFs) provides for the temporary allocation to <br />redevelopment districts of increased proceeds (known as "increment ") in an allocation area <br />generated by increases in assessed value. TIF permits cities to use increased tax revenues <br />stimulated by redevelopment to pay for the capital improvements needed to induce the <br />redevelopment. <br />