City of Bend sending out flyers asking for public opinions on possible Tax Increment Financing; City says its “not an increase in taxes”
Triton Notary
BEND, Ore. –(KTVZ)– Bend residents may have gotten this notice on their doors. It notifies residents the Bend City Council has a public hearing to consider adopting a new tax increment finance plan. Tax increment financing is a division of the existing permanent rates from taxing districts affected by plan areas, not an increase in taxes.
The City of Bend says, “Tax Increment Financing is a finance mechanism used to improve the economic vitality of an area to mitigate blight and improve property values. With these three projects, the Bend Urban Renewal Agency is incentivizing more affordable housing options. This is a program that is used across Oregon”.
To learn more about the meeting and how you can make your voice heard, go to the city of Bend website.