Tax Increment Financing (TIF) is a special funding tool used by the City of Mount Carmel to promote public and private investment across the city. Funds are used to build and repair roads and infrastructure, put vacant properties back to productive use, usually in conjunction with private development projects. Funds are generated by growth in the Equalized Assessed Valuation (EAV) of properties within a designated district over a 23-year period.
Members
Joe Judge
Gregg Wilcox