Economic development financing primer: TIFs and PIDs explained to Irving commissioners
Community and Economic Development Director Imelda Speck reviewed how tax-increment financing (TIF/TIRZ) captures growth above a base value for public projects, and how public improvement districts (PIDs) levy assessments on benefiting properties; she listed Irving's six TIF districts and past projects funded by TIF dollars.
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Imelda Speck, Irving’s Community and Economic Development Director, presented an overview of two financing tools the city uses to support development: tax-increment financing (TIF/TIRZ) and public improvement districts (PIDs).
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