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The committee reviewed a draft master plan for a potential Northgate tax increment financing district and asked for more analysis and discussion in December before deciding its boundaries, goals, and eligible project costs.
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A TIF district can use future increases in property tax revenue to help pay for improvements in a designated area. The committee discussed streetscaping, signage, bridge design guidelines, property boundaries, and whether revenue from town-developed parcels would go to the district or the General Fund. No final district was established, and the plan is expected to return for further discussion in December.
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