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TIRZ pitched for Highway 78 improvements

by | Sep 23, 2021 | Latest

Sachse City Council heard a presentation from the consulting firm Petty & Associates on creating a Tax Increment Reinvestment Zone (TIRZ) along Highway 78.

Consultant Trent Petty discussed the option in a PowerPoint presentation during a Sept. 7 workshop meeting held before the regular council meeting.

A TIRZ is a widely used economic development tool in Texas that allows for public im- improvements with no new taxes. Instead, it established a “base tax value” for the zone, reallocating some, or all, of the additional property taxes in the area for improvements.

For the full story, see our September 23 issue or subscribe online.

By Dustin Butler • [email protected]

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