What’s a Tax Increment Financing (TIF) District?
Emerson-Garfield is part of Spokane’s West Quadrant Tax Increment Financing – or TIF – District. What exactly is a TIF district? And what does it have to do with our neighborhood? Simply put, a TIF district is a pledge from Spokane city government that it will pay for projects that will upgrade neighborhoods using future property taxes. The idea is that such improvements will increase overall property values, especially properties located within the district, and thus increase Spokane’s overall property…