Polsky & Associates Ltd




Type of Pledge

Based on our research, the City pledged TIF assistance in the form of TIF Bonds, TIF Notes and pay-asyou-go TIF funds. Of the 154 projects included in the data, the difference in the number of instances in which the City pledged TIF assistance in the form of pay-as-you-go funds only, TIF Note(s) only and a combination of at least two of the forms of assistance was not significant (51 projects, 49 projects and 50 projects respectively). However, TIF Bond proceeds comprised 100% of the City’s pledge of TIF assistance for only 4 projects.5






5 Generally, assistance in the form of TIF Bond proceeds was derived from TIF Bonds that had been previously issued for the TIF District and were not proceeds from TIF Bonds issued specifically for the project receiving the TIF assistance.

6 “Combination” means TIF assistance in the form of at least two of the types of pledges noted above (TIF Bonds, TIF Note(s) and payas-you-go assistance) without regard to the amount pledged in each form.