A Tax Increment Financing Development District (TIF) involves 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:
As of February, 2022, the City of Bath is also entertaining a proposed Downtown TIF amendment and credit enhancement agreement at 31 Centre Street. To learn more about this project, click here.
Key Features and Benefits of Municipal TIF and TIF Districts:
For more information, contact Ben Averill, City Planner, at (207) 443-8363, or email email@example.com