Thanks! I live in Helena. I work IT at the Legislature. I see TIF every once in a while. This was a pretty clear explanation. So there's a group that decides how much if any TIF money a project will get. TIF projects normally look to fix up the neighborhood in dozens of ways such as tearing down shady buildings and building shiny buildings with better sidewalks and parking. I see you have a couple more shows in this TIF series. You have at least 102 and 103. I'll watch
Thanks for your question. In Montana, state law allows for an urban renewal agency to manage TIF monies. These agencies can operate through a five-member board or as a department inside of the local governing body - so, a mayor may not unilaterally decide how funds are dispersed. We always love to learn more about how other states manage their TIF programs - are there areas where a single municipal official can determine the way funds are spent?
@@stayfocusedmedia TIF regulations vary state to state, and city by city and, with our expertise is in Montana markets, we wouldn't be able to weigh in on TIF regulations in other states. However, you may want to start by first researching state codes for TIF regulations and then carefully reviewing specific municipal policy and procedure documents for the TIF district in question.
