Port of Ridgefield considers tax increment financing to fund infrastructure projects ...Middle East

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The Port of Ridgefield could become the latest Clark County jurisdiction to turn to tax increment financing to fund its infrastructure projects, including along its Lake River waterfront. Randy Mueller, chief executive officer for the port, said in an interview last week that the port is still investigating the idea. While tax increment financing can be complicated, proponents say it can be a big help in paying for expensive public projects. Approved by the Legislature in 2021, tax increment financing allows jurisdictions to create separate tax increment areas. Properties within the designated tax area are assigned a fixed or “base” property value when the tax area is formed. Other

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Last updated : 16 January 2024 clock 07:37 AM

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Port of Ridgefield considers tax increment financing to fund infrastructure projects ...Middle East

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