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Experts brief council on tax increment financing and new community authorities, outline risks and municipal controls
Summary
An outside economic development attorney explained how TIFs and new community authorities work, their uses for infrastructure financing, and governance features that allow cities to retain oversight.
Canal Winchester council received an extended briefing on March 3 that explained tax increment financing (TIF) and the New Community Authority (NCA) — two legal tools developers and municipalities use to finance public infrastructure and community amenities.
Emma Mulvaney, an economic development attorney with Forrest Brown & Todd, told council that TIFs divert the increase in property tax revenue above an established base to finance public infrastructure or repay bonds. "When we're talking about TIF, you do not see any difference," Mulvaney said, explaining the mechanism operates through auditor/treasurer accounting rather than an immediate change to a taxpayer’s bill.
Nut graf: The presentation framed both tools as flexible financing options but emphasized trade‑offs: TIFs redirect…
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