Expands authorized project costs for public safety improvements using tax increment financing district revenue.
This bill amends the law governing the use of tax increment financing district revenue to include public safety improvements as an authorized project cost. It adds costs related to the expansion and renovation of public safety facilities to the list of authorized project costs and increases the percentage of tax increment financing district revenue permitted to be used for public safety costs from 15% to 50%.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.