Tax Incremental Districts (TIDs), often known as Tax Increment Financing (TIF) districts, are a powerful tool that local governments can utilize to foster vibrant communities and promote economic growth. Designed as a tool to promote growth, particularly in blighted or underdeveloped areas, TIDs have proven to be a catalyst for beneficial change. Still, misunderstandings and [...]

While often used interchangeably, a Tax Incremental District (TID) and Tax Incremental Financing (TIF) have distinct meanings. Tax Incremental Districts (TIDs) and Tax Incremental Financing (TIF) collectively are economic development tools used by local governments to promote development and redevelopment, thus stimulating growth in carefully targeted areas. A Tax Incremental District (TID) is a specific [...]