What is a TIF district, and how will it work in Havre?

What is a TIF district, and how will it work in Havre?

Residents in Havre may have recently heard the term TIF district used in connection with downtown redevelopment but what exactly does that mean?TIF stands for Tax Increment Financing, a tool communities use to fund infrastructure improvements and redevelopment projects in specific areas without raising taxes.Madison Collier reports from Havre - watch the video here: Havre aims to revitalize downtownWhile TIF districts are common in larger Montan…