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Tax Increment Financing (TIF) helps municipal governments stimulate redevelopment in a designated area. Using this financing tool, the City can reimburse developers for certain expenses using the property tax revenue that new development in the TIF district generates. Expenses eligible for reimbursement include:
There are three TIF Districts in Carbondale.
The TIF Boundary Map (PDF) shows the boundary of the 31 acre Redevelopment Project Area Number 1.
The TIF Number 2 Boundary Map (PDF) shows the boundary of the Redevelopment Project Area Number 2.
The TIF Number 3 Boundary Map (PDF) shows the boundary of the Redevelopment Project Area Number 3.