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Differences <br />•Locally controlled resources <br />–Tax Increment: 100% by initiating entity <br />–Tax Abatement: City, school, county can each approve/deny <br />•Capture taxes and redistribute them to support <br />development efforts <br />–Tax Increment: 100% from new development value <br />–Tax Abatement: From old and/or new development value <br />5 <br />