Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Kingsville hears proposal for Tax Increment Financing Reinvestment Zone No. 3
Summary
At a Nov. 20 public hearing the City Commission heard a consultant present a proposed 200‑acre Tax Increment Financing (TIF) Reinvestment Zone No. 3 that would direct 50% of future real‑property tax increments for up to 30 years toward public improvements intended to attract retail, hotel and commercial development; second reading is set for Dec. 9.
The Kingsville City Commission held a public hearing Nov. 20 on an ordinance to create Reinvestment Zone No. 3 under Chapter 311 of the Texas Tax Code, a tax increment financing (TIF) district proposed for roughly 200 acres in the city’s southern area. David Pettit of David Pettit Economic Development presented the plan and answered commissioners’ questions.
Pettit told the commission the proposal is not a new tax but a redirection of a portion of future real‑property tax growth inside the zone. Under the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
