Tax investment zone moving forward
Greenville – Plans for a tax reinvestment zone are moving forward. The Hunt County Commissioners Court intends Monday to consider waiving a 60-day notice requirement, which is part of the process toward the City of Greenville creating a Tax Increment Reinvestment Zone (TIRZ). The TIRZ would pay for public infrastructure improvements, such as water and sewer lines and roads, within a specific area identified for development. The money would come from incremental property taxes, and possibly sales taxes, resulting from development constructed within the TIRZ.
Click the MP3 icon to listen as KETR's Greenville Correspondent Brad Kellar reports.