Gloom And Doom

DIF Question In Relation To Table Talk Development

 MassDevelopment

 

 Through District Improvement Financing (DIF), a town or a city can establish a funding stream for economic development activities that is linked to, and derived from, the results of economic development. DIF is a locally-enacted tool that enables a municipality to identify and capture incremental tax revenues from new private investment in a specific area and direct them toward public improvement and economic development projects. DIF is not a new tax or special assessment and it does not increase a municipality’s tax rate.

 

__________________________________________________________________________ 


Key word being "incremental".     

Lets assume

 

  1. Table Talk Properties taxed commercially was paying $100,000 per year
  2. The new residential development, after TIFS, pays $120,000 per year

 

In this example would only $20,000 go towards the DIF????  

While the initial $100,000 goes to the General Fund......





Comments