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Tax Increment Financing (TIF) <br />Common Methods for Financing Costs <br />•G.O. Tax Increment Bonds <br />–Can be issued without a referendum if tax increment <br />contributes at least 20% of debt service costs <br />•Pay-as-you-go Notes <br />–Project financed upfront by developer <br />–Developer is reimbursed over time <br />•Revenue Bonds <br />–For seasoned development with a “coverage” factor and/or <br />guaranteed <br />13 <br />