Tax Increment Financing, or TIF, is a tool authorized by the West Virginia State Legislature to help counties and municipalities finance redevelopment projects and help promote economic activity in distressed areas.
Tax increment financing captures the projected increase in property tax revenue gained by developing a discrete geographic area and uses that increase to assist in paying for projects. TIF designation allows for distressed areas to improve by attracting private development and new business.
TIF Report --- FY 2010-2011
TIF Report --- FY 2011-2012
TIF Report --- FY 2012-2013
TIF Report --- FY 2013-2014
TIF Report --- FY 2015-2016
TIF Report --- FY 2016-2017
TIF Report --- FY 2017-2018