The Franklin City Council will meet with the Choose Franklin group at the Peabody Home today at 7 p.m. to hear a presentation from Don Jutton of Municipal Resources Inc. about the proposed Tax Increment Finance District (TIF) in downtown Franklin.
Jutton is a consultant employed by the Franklin Business and Industrial Development Corp. and he will lead a “nuts-and-bolts” discussion about what a TIF distict is and how it can benefit Franklin’s downtown and mill districts.
A TIF District captures future property tax values from development to repay municipal investments in infrastructure improvements.
http://www.citizen.com/apps/pbcs.dll/article?AID=/20071206/GJNEWS02/712060038/-1/CITIZEN
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