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■J" r. <br />f <br />TIF Basics <br />April 20, 2010 <br />New Brighton EDC <br />Q EHLERS <br />0 <br />Tax Increment Financing (TIF): The ability to <br />capture and use most of the increased local <br />property tax revenues from new development <br />within a defined geographic area for a defined <br />period of time without approval of the other <br />taxing jurisdictions. <br />