Committee asks EDDA and staff to explain TIF activation and potential budget impacts

Committee members discussed the potential activation of additional Tax Increment Financing (TIF) zones by the Englewood Downtown Development Authority (EDDA). Participants asked staff and EDDA to clarify which areas are eligible, whether TIF collections are sales- or property-tax based in each area, and what activation would mean for general fund revenues.

A member noted a recent legal dispute that reached the state Supreme Court involving a county assessor and an urban renewal entity; members asked staff to include objective fiscal analysis and comparisons to other cities before any activation decisions. The committee scheduled EDDA to present in November and requested staff and community development provide additional analysis on eligible zones and projected fiscal impacts.