Mayor outlines EIFD plan, cites roughly $58 million potential for infrastructure

Mayor Zamora provided an explanation of the city’s Enhanced Infrastructure Financing District (EIFD) during council comments and outlined the anticipated scale of funds for infrastructure investments.

"For those of you who don't know what an EIFD is, it's almost like redevelopment money, but instead of it being two, it's one," Zamora said (remarks in transcript). He described the EIFD as a county-administered financing approach earmarked for public infrastructure such as curb, gutter and street improvements. The mayor said the city’s assessed value is "about $11,900,000,000," and estimated the EIFD would likely generate "close to $60,000,000, 58 and some change" over time; he framed that figure as a multi‑year projection rather than an immediate budget line.

Zamora emphasized the funds are intended for infrastructure projects and said they do not represent an additional tax on residents but rather the use of future incremental assessed-value returns assigned to specific public works investments. He credited staff members by name for moving the effort forward and said the investments will be targeted to maintain and upgrade aging city infrastructure.

The EIFD discussion was presented as informational; the transcript does not record a council vote or adoption of EIFD-specific actions at this meeting. The mayor’s dollar figures are approximate and sourced to his remarks during council comments.