Tax Increment Reinvestment Zone
Summary
Southlake is setting up a special tax zone for the Shivers Farm development to help pay for local roads and utilities. Basically, future tax dollars from the new project will get plowed right back into building the neighborhood's infrastructure.
At a glance
- Total mentions
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- Last 30 days
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Impact analysis
It redirects future tax revenue from the development to pay for its own upfront infrastructure costs instead of the general city budget.
The developers and future residents get fully funded roads and utilities without straining the rest of the city's wallet.
No groups negatively affected
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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