Tax Increment Financing (TIF)
Tax Incremental Financing (TIF) is a governmental finance tool that the Village of Winneconne uses to provide funds to construct public infrastructure, promote development opportunities and expand the future tax base. TIF assistance in Winneconne is only used when the proposed development would not occur "but for" Village assistance. The proposed development should meet the following goals:
- The redevelopment of the areas that are blighted or in need of redevelopment;
- The attraction of new industrial uses and employment centers;
- The assistance to other projects of special community interests:
- The establishment of new employment opportunities for our residents;
- The expansion of our local tax base.