TIF

A TIF fund is created based on property values that are expected to increase. They are expected to increase because a new company moves in that will bring in a lot of money to the area. After the city decides what the base property value of an area is, any increase in taxable value is “captured,” and redirected to the TIF fund. What they don't tell you is the property taxes are raised to make up the money for the project. Those that are on fixed incomes eventually lose their house. I want to fight against TIF funds.