The TIF Clock for 2020 runs out on Sep 30th
Effective Oct 1 of each year, the Grand List for most communities is updated. When you adopt your Tax Increment Financing Master Plan by September 30, you can capture the benefits of recent private investment, including the spring-summer construction season.
Adopting a TIF Master Plan isn’t just about the district and the documents – you want time for outreach to your elected leaders, businesses, developers, and residents. If you want to spend your summer on one of Connecticut’s gorgeous beaches instead of in a boardroom, start your TIF planning now!