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Policy Questions WTT <br /> • <br /> "But For" Test <br /> • In order for the City to create a TIF district it must make a <br /> finding that the new development would not occur'Tut aQr <br /> the use of tax increment financing. <br /> • The critics of TIF state that the development would occur <br /> anyway and the City is simply giving money to a private party. <br /> • Counties and school districts are particularly interests Th ;hes <br /> finding because from their position they will not rsaiiz% <br /> enhancement to their general tax base until after the TIF <br /> district is terminated (up to 25 years). <br /> • <br /> LGA/HAGA <br /> • The City must determine if it is willing to invest a portion of its <br /> own funds in the project based on estimated loss of <br /> LGAJHACA. <br /> •. <br /> Project Area <br /> The project area, the parcels upon which TIF funds can be `pent, <br /> can be the same as or greater than the TIF district. <br /> • <br /> • Does the City intend to use TIF funds beyond the parcels <br /> from which TIF revenue will be generated? <br /> • <br /> • Does the City envision numerous TIF districts created over <br /> time within a single project area? <br /> • Does the City have other improvement projects in other <br /> adjoining areas for which funding can be augmented with <br /> • <br /> TIF? <br /> • <br /> • Does the scope of the improvement project benefit two or <br /> more TIF districts? <br /> As a general rule the smaller the TIF distri& the better. <br /> • Impact on county and school district is reduced. <br /> • The short duration of Economic Development TIF districts <br /> requires development to occur over a tight time frame. The <br /> SPRINGSTFr) <br />