You may have heard that the Jersey Village City Council approved the creation of a Tax Increment Reinvestment Zone last year. That leaves open the question, however, “What is a Tax Increment Reinvestment Zone?”
You may not be aware that Tax Increment Reinvestment Zones (also known as a “TIRZ”) are one of the most common tools used for economic development throughout the State of Texas. I was on Facebook Live on January 9th to discuss this tool in more detail and to answer questions about how a TIRZ works and how it can benefit our community.
If you’re not on Facebook, you can view the live broadcast below by clicking the play icon.