- Tax Increment Financing, or TIF, is a financial tool primarily used to encourage development and address blight.
- TIF is a mechanism for capturing the future tax benefits of new development in order to pay for the present cost of that development.
- Tax increment financing can be requested for property tax, sales tax, or both.
- Each taxing entity (county, library, school district, etc.) must approve or deny the use of TIF.
- El Paso County can only approve TIF requests pertaining to El Paso County’s portion of property and/or sales tax.
Tax Increment Financing Overview
TIF Request Received by El Paso County, Colorado
Internal Impact Report is Created
Final Review of Internal Impact Report by Committee
Informal Meeting with the Board of County Commissioners
Working Session with the Board of County Commissioners and the Developer
Formal Board of County Commissioners Agenda Item
If you are located in Colorado Springs and are interested in learning more about the URA, TIF, and the approval process, please contact the Colorado Springs Urban Renewal Authority.
Colorado Springs Urban Renewal Authority
(719) 385-5714
www.csura.org
Contact Us
Crystal LaTier
Economic Development Executive Director
9 E. Vermijo Ave.
Colorado Springs, CO 80903
719-520-6484
crystallatier@elpasoco.com
Katie Plutz
Economic Development Analyst
9 E. Vermijo Ave.
Colorado Springs, CO 80903
719-520-7493
katieplutz@elpasoco.com