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What is Tax Increment Financing (TIF)? <br />•Financing tool used by cities for infrastructure and <br />other improvements <br />•A method of capturing tax base growth resulting from <br />new development <br />•Captures new local taxes (increment) to pay for public <br />improvements related to development <br />•Fixed term for capture, then new development added <br />to tax base <br />7 <br />