A Tax Increment Financing Development District (TIF) involves the creation of a geographically defined district in the City and the "capture" or reinvestment of some of the new increased or "incremental" tax revenues generated by new development and business expansion in the District to pay certain costs of development and certain costs of new public facilities, improvements, and programs.
The City of Bath has five TIF Districts:
A full presentation explaining TIF types, uses, and policy can be viewed here
Key Features and Benefits of Municipal TIF and TIF Districts:
For more information, contact Emily Ruger, Director of Community and Economic Development, 207-443-8330