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What must a tax increment financing plan include?

A tax increment financing plan must include:

  • a statement of costs and sources of revenue;
  • estimates of assessed values within the housing development site;
  • the portion of those assessed values to be applied to the Housing Infrastructure Project;
  • the resulting tax increments in each year of the financial plan and the lifetime education property tax increment retention;
  • the amount of bonded indebtedness or other financing to be incurred;
  • estimates of necessary principal, interest, costs of improvements, and related costs and in the event of municipal financing the amount anticipated to be approved by voters;
  • other sources of financing and anticipated revenues; and
  • the duration of the financial plan.