Presenter walks RDC through TIF basics, says Battle Ground must spur development

Presenter opened a slide presentation on Tax Increment Financing (TIF), saying the mechanism — developed in Indiana decades ago — is designed to fund capital improvements via bonds repaid from incremental tax revenue generated inside an allocation area. The presenter described the typical TIF model as a 20–25 year financing vehicle and illustrated why properties that existed before a TIF ("base assessed value") do not contribute to incremental revenue. "In Indiana, the concept was to create infrastructure and have a 25 year process where, a bond would be paid off," the Presenter said.