Lynnwood Council Unanimously Approves Tax Increment Financing to Fund City Projects - Lynnwood Today
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Lynnwood council unanimously approves tax increment financing to fund city projects - Lynnwood Today
Lynnwood City Council Pride Month proclamation, on May 27, 2025. (City of Lynnwood) The Lynnwood City Council Tuesday unanimously approved an ordinance to implement tax increment financing (TIF) to help fund city projects. The mechanism pools property taxes exceeding the base rate generated by new development to fund public infrastructure improvements. Also during the Tuesday meeting, city prosecutors briefed the council on a request to continue…
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