Tax Increment Financing Board #1

Introduction

Established in 2005, the Tax Increment Financing Board governs the appropriation of funds within the TIF Zone. Tax Increment Financing (TIF) is a tool to finance public improvements within a defined geographic area. The improvements should enhance the environment and attract new investment. The statutes governing tax increment financing are in Chapter 311 of the Texas Tax Code. A municipality makes an area eligible for tax increment financing by designating a“reinvestment zone,” also know as a “tax increment reinvestment zone” or “TIF zone.” Costs of selected public improvements within the reinvestment zone may be paid by current or future tax revenues flowing from redeveloped or depreciated real properties in the zone. The additional tax dollars generated by growth of real property value in theZone are referred to as the “tax increment.” These dollars flow to a tax increment fund for a specified period of years. Money flowing to the fund each year is disbursed according to a plan and agreements approved by the TIF Board as set by the ordinance designating the zone. The TIF zone expires at the end of 2030.

Rules and Regulations

Board Membership

The City Council appoints the main street board's seven members to the TIF #1 board alongside two additional members who serve two-year terms. 

Members

Doug Moss (Chair)

Appointments: 2021, 2022, 2025
Term expires: February 2028

Ruth Rivera (Vice-Chair)

Appointments: 2021, 2023
Term expires: February 2026

Curie Humphreys

Appointments: 2021, 2022, 2025
Term expires: February 2028

Alyse Mervosh

Appointment: 2024
Term expires: February 2026

Jeff Snyder

Appointments: 2021, 2024
Term expires: February 2027

Vacant

Appointments: 
Term expires: February 2027

Vacant

Appointments: 
Term expires: February 2027

Mitch Drummond

Williamson County Representative
Appointments: 2025
Term expires: February 2027

Ron Verano

Taylor ISD Representative
Appointments: 2025
Term expires: February 2027

Meetings

The Tax Increment Financing Board #1 meets monthly on the third Wednesday at 5pm before the Main Street Advisory Board. See the City website calendar for upcoming meeting dates.