Tax Increment & Finance

PRIMARY DUTIES/RESPONSIBILITIES:

The Tax Increment Financing Act of 1981 set forth legislation permitting municipalities to create reinvestment zones for the purpose of qualifying for tax increment financing. The Beeville City Council, by Ordinance 1571 passed on December 9, 1986, established an area of approximately 82 acres within the central area of the community which contains the City’s principal retail and commercial businesses. In accordance with the law, a tax increment financing board was appointed to administer the affairs of the Zone.