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.
Credit Enhancement Agreement for Redevelopment at 144-152 Broad Street
Watch the National Development Council’s presentation to the Economic Development Committee on January 25th, 2023.
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. The Town Council adopted technical amendments to the District Master Plan at its October 16, 2023 meeting.
Click below for a copy of the amended 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 firstname.lastname@example.org