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El Paso Council dissolves two TIRZ districts, redirects $2.3 million to Eastside safety projects
Summary
The El Paso City Council voted unanimously on July 8 to adopt ordinances dissolving Tax Increment Reinvestment Zone (TIRZ) No. 9 and TIRZ No. 10 and to terminate their boards of directors, freeing previously restricted tax increment funds for other uses.
The El Paso City Council voted unanimously on July 8 to adopt ordinances dissolving Tax Increment Reinvestment Zone (TIRZ) No. 9 and TIRZ No. 10 and to terminate their boards of directors, freeing previously restricted tax increment funds for other uses.
Councilman Representative Nino, who presented the ordinance, said the move is intended to honor each zone’s original purpose while returning funds to the neighborhoods that generated them. “To honor that intent and to reinvest in the very community that contributed to this fund, I have requested that $2,300,000 be allocated for the public…
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