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Weslaco considers tax‑increment reinvestment zone; consultant recommends 25‑year, 50% split
Summary
Consultant Travis James outlined how a TIRZ/TIF works, possible eligible uses (roads, utilities, housing), and a preliminary forecast that a 25‑year TIRZ with a 50% M&O allocation could generate an estimated $15–$20 million for reinvestment; commissioners asked for refined numbers in September.
The Weslaco commission received an overview Tuesday of a proposed tax‑increment reinvestment zone (TIRZ/TIF) and next‑step options for directing new development‑driven tax growth into infrastructure.
Martin Garza introduced consultant Travis James (TXP, Austin), who explained TIRZ mechanics under Chapter 311 of the state tax code: the city sets a base taxable value for the zone, the annual growth above that baseline can be split between the general fund and a TIRZ account…
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