Tax increment financing (TIF) is a public financing tool that uses increased property tax revenue within a designated area—a TIF district—for redevelopment projects. In Texas, a TIF district is called a Tax Increment Reinvestment Zone (TIRZ). TIRZs are governed by Chapter 311 of the Tax Code.
SAISD is to Blame for Its Budget Mess
Earlier this week, San Antonio ISD officials complained that “tough decisions” lie ahead as budget deliberations began in earnest. Some even lamented that, absent drastic action, SAISD would be forced into “cutting hundreds of staff positions” across the district. The source of district’s budget woes, according to the superintendent, was three-fold: “stagnant state funding, declining...