Created the Tax Increment Financing Plan
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1998.
Added hundreds of thousands of dollars of captured funds to develop downtown from monies going outside the Village of Milford
Developed the Tax Increment Financing Plan, which captured hundreds of thousands of taxpayer dollars that was leaving the community. TIF allows DDA’s to use the revenue from increased taxable value to reinvest in the community. Since it’s inception, the TIF has brought in over $3.4 million of tax revenue that normally leaves the Village. Further, the captured taxes are leveraged in tandem with over $1.5 million of private investment and another $500,000 of grants for various projects, such as the Mill Pond Project, Motley Lights, Streetscapes, Heritage Wheel, Center Street, Ford Powerhouse. The TIF also funded major road programs, which saving Village residents from additional taxes.
