Tax Increment Financing
Tax Increment Financing (TIF) is a local economic development policy and program that is enabled and guided by state law. TIF can be a useful tool to catalyze economic and community development. It uses anticipated future increases in property tax revenues to generate incremental tax revenues from a specific development project or projects across a designated district to help pay for current costs associated with development or enhancements to the district. These can be public and/or private costs.
Click below for a copy of a TIF Guidebook prepared by the Connecticut Main Street Center.
Windsor TIF Policy
Click below for a copy of Windsor’s TIF Policy that was adopted by the Town Council on June 6, 2022.
Proposal for a Windsor Center TIF District
Town staff is exploring the creation of a TIF District for the town center with the Economic Development Commission (EDC). The Town Council named the EDC as the TIF Advisory Committee. The EDC voted at is August 31st Special Meeting to recommend to the Town Council and Town Manager the creation of the Windsor Center Tax Increment Financing District and further recommended the adoption of the Windsor Center TIF District Master Plan.
Click below for a copy of the draft Windsor Center TIF District Master Plan which is subject to update.
TIF 101 Presentation
Click below for a copy of an introductory presentation about TIF made to the First Town Downtown Economic Enhancement Committee.
Click below to view a video of the presentation.
Questions Regarding TIF
Questions regarding TIF can be directed to Patrick McMahon, Economic Development Director, at 860-285-1877 or firstname.lastname@example.org