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CRA adopts tax‑increment guiding principles, adds preference for public open space and trail connectivity
Summary
The Far West Community Reinvestment Agency unanimously adopted guiding principles for potential tax‑increment financing on Feb. 20, 2025. The principles set expectations: property‑tax increment only (no sales tax participation), a suggested participation rate of 50% of the increment, and a 10–12 year guidance window; the agency added explicit phr
The Far West Community Reinvestment Agency (CRA) adopted a set of tax‑increment financing (TIF) guiding principles during the city’s Feb. 20 meeting. The agency approved property‑tax increment participation (not sales tax), recommended a participation rate of roughly 50% of the increment for a 10–12 year guidance period, and explicitly tied any TIF proceeds to public infrastructure investment. The CRA also agreed to add language favoring projects that integrate public open spaces, trails and connectivity improvements.
What the principles say The guiding principles, as adopted, provide a predictable…
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