South Bend Common Council Approves TIF District Realignment

South Bend Common Council Approves TIF District Realignment

A proposal that will realign South Bend’s TIF districts is one step closer to final approval. The South Bend Common Council on Monday voted 8-1 in favor of the redrawn TIF districts, which consolidates some districts and expands others. Tax increment financing (TIF) is a geographic taxing area that diverts increased property tax revenue into…