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Fundamentals of Tax Increment Financing (TIF) <br />4 <br />Incremental Taxes <br />(portion used to finance eligible <br />expenditures) <br />New Tax Base <br />(post-project; flows <br />to General Fund <br />and all taxing <br />jurisdictions)Base Taxes <br />(continues to other taxing <br />jurisdictions)Annual Taxes Generated (Dollars)$$$ <br />$$ <br />$ <br />$$$$ <br />Duration of TIF District <br />(Years)First YearLast Year