City Council considers a “tax increment reinvestment zone” to stimulate economic growth
By Natalie Gentry
David Pettit of David Pettit Economic Development, LLC addressed the Azle City Council at the council meeting Aug. 5 about possible economic development through the implementation of a tax increment reinvestment zone (TIRZ).
A TIRZ is a tool the City can use to publicly finance needed improvements to infrastructure and buildings within a designated area, and is funded through new construction and investment, or through the annual appreciation of real property.
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