The balance in the Mt. Washington TIF fund through October 2021 is $50,242. This balance represents money that has been collected through the TIF that are owed to other taxing units.
Although the TIF will be cancelled and the City will no longer collect other taxing units increment, the City will continue to deposit the City's portion of those revenues into the Tax Increment Financing Supplemental Fund, pursuant to the Tax Increment Financing Suppplemental Approprations Policy, approved by the City Council on April 19, 2021.