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.

TIF Guidebook

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.

Windsor Center TIF District

The Town Council at its October 17, 2022 meeting authorized creation of the Windsor Center Tax Increment Financing District, the boundaries of which are included in the District Master Plan, and adopted the Windsor Center Tax Increment Financing District Master Plan

Click below for a copy of the draft Windsor Center TIF District Master Plan.

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 mcmahon@townofwindsorct.com