Not all TIRZs created equal (HBJ)

By Roxanna Asgarian
Tax increment reinvestment zones, or TIRZs, have been a hot topic throughout the mayoral race.

When a TIRZ is formed for an area, property taxes are frozen at the rate they were in the year the TIRZ was created. The additional taxes collected each year are directed to the TIRZ for infrastructure improvements that encourage development in the district.

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