The Dublin City Council and the Dublin Board of Education recently gave their unanimous approval to an agreement to establish Tax Increment Financing (TIF) financing within the community’s Bridge Street District until December 31, 2046, according to ThisWeek Community News. Under the terms of the agreement, the school district "will continue to receive the amount of property taxes it gets when the TIF is created; increases in property tax revenues, however, will go to the city." TIF districts created in the Bridge Street District "will put funds from property tax increases toward infrastructure." The $1.5 million that the city will pay Dublin City Schools annually as part of the arrangement will be used for "technology improvements throughout the district," the article said.
New TIF will help fund infrastructure and technology improvements in Dublin
