Name: Tax Increment Development Districts

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Description: Tax Increment Development District: The purpose of a Tax Increment for Development District is to create a mechanism for providing gross receipts tax financing and property tax financing for public infrastructure for the purpose of supporting economic development and job creation. Gross receipts tax or property taxes for a specified boundary are diverted to infrastructure costs for the area within the boundary. These are adopted by City Council and the best source of information pertaining to these boundaries is the City Economist at the City of Albuquerque Department of Finance and Administrative Services.

Copyright Text: AGIS

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