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Consultants brief commissioners on Tax Increment Reinvestment Zone concept
Summary
Consultants from Petit & Ayala Consulting presented the Tax Increment Reinvestment Zone (TIRZ) concept to the Hemphill County Commissioners, outlining how a TIRZ might be structured to support local reinvestment and development.
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Representatives from Petit & Ayala Consulting briefed the Hemphill County Commissioners on the Tax Increment Reinvestment Zone (TIRZ) concept during the June 29 meeting.
Natalie Ayala Hall led the presentation and provided information about how a TIRZ could be structured to capture increases in property tax revenue to fund local reinvestment projects. The presentation was delivered by Natalie Ayala Hall and David Pettiti; no formal action to create a TIRZ was taken at this meeting.
