Waterville City Council Approves Tax Increment Financing to include housing

Recently, Waterville city councilors unanimously voted to change a policy dealing with tax increment financing (TIF) to include housing. TIF is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects that often benefit and incentivize the businesses these taxes are coming from. Through the use of TIF, cities reroute future property tax […]

by Brooke Gary· · 0 comments · Local