County briefed on history, future of TIF District

In three years Lewistown’s Tax Increment Financing District comes to an end.The TIF District was created for the purpose of improving run-down properties with the district, which includes much of downtown Lewistown. Money for qualifying renewal work comes from the increased value of all properties within the district due to renovation work funded by the district.TIF District Administrator Abby Byerly gave a presentation about the District and the improvements it has generated to the Fergus County commissioners Tuesday.“This is local money, and the use of it is decided on by a local board for local projects,” she said.Byerly explained the TIF funding comes as a result of new tax revenue created when property improvements within the district increases the overall value of all properties in the district.

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