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Council directs staff to shrink downtown TIRZ boundary, keep 50% participation rate
Summary
Following corrected county valuation data and DRC recommendation, council directed staff to draft an ordinance reducing the downtown Tax Increment Reinvestment Zone boundary (removing parcels past SH‑29) while maintaining the city's 50% participation rate; vote was unanimous.
Liberty Hill — Council members instructed staff to prepare an ordinance to modify the downtown Tax Increment Reinvestment Zone (TIRZ) to a smaller boundary concentrated closer to downtown and to retain the city's 50% participation rate, following a recommendation from the Downtown Revitalization Committee.
Consultant Casey Sklar (p3 Works) explained that…
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