County to explain TIFs at meeting
Area residents will soon have an opportunity to learn more about tax increment financing (TIFs) and how a proposed TIF might affect Kingsbury County.
A TIF is a public financing method used to subsidize redevelopment, infrastructure and other community improvement projects. Through the use of TIF loans, municipalities divert future property tax revenue increases from a defined area or district toward an economic development project or public improvement project in the community.
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