Weslaco considers tax‑increment reinvestment zone; consultant recommends 25‑year, 50% split
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 full story
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.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in