TIF District

Targeting Downtown Development
9:15 pm
Wed May 2, 2012

Fort Madison Considering New TIF District

A commonly-used incentive program for downtown development is advancing in Fort Madison.

The city council has approved the second reading of an ordinance that would create a new tax increment financing district.

A portion of the property taxes collected on buildings within a TIF district goes to infrastructure projects.  A baseline property value will be developed to determine the amount available for new sidewalks or streets.

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