What are the City's goals for use of tax increment financing?

The goals of the City of Sun Prairie’s use of TIF include:  

  • The diversification of its economic base through the retention and expansion of existing businesses
  • The redevelopment of the areas that are blighted or in need of redevelopment    
  • The attraction of new industrial uses and employment centers    
  • The assistance to other projects of special community interest 
  • The establishment of new employment opportunities for our residents  
  • The expansion of our local tax base

Show All Answers

1. What does TIF/TID stand for?
2. How does TIF work?
3. What are the City's goals for use of tax increment financing?