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TIF District - Tax Increment Financing

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1. What is a Tax Increment Financing (TIF) District?
2. Will a TIF District in my area create a new tax?
3. What does a TIF District in my area mean to me?
4. How does a TIF District work?
5. What can TIF funds be used for?
6. What are some of the most common myths concerning TIF Districts?