EIFD & IFD

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West Sacramento Enhanced Infrastructure Financing District No. 1 and Bridge District Infrastructure Financing District No. 1

Background

Since the City of West Sacramento incorporated nearly 30 years ago, property tax increment financing (TIF) has been an essential driver of positive economic and physical change. TIF, the concept of borrowing against future growth in property taxes to fund public infrastructure and other improvements to enable private investment, was available to the City through its former redevelopment agency. However, when the State Legislature eliminated redevelopment in 2011, communities throughout California were left without a viable mechanism for using TIF to promote economic development.

In response, the City acted quickly to develop a Community Investment Action Plan , which provides recommendations for continued investment in infrastructure and revitalization activities post redevelopment.  The Plan helped to inform the revision of an existing but seldom used TIF tool – Infrastructure Financing Districts (IFDs) – and shaped the development of a new set of financing and real estate tools made possible through the signing of Senate Bill 628 in September 2014 which authorized Enhanced Infrastructure Financing Districts (EIFDs).  Like redevelopment, IFDs and EIFDs enable local agencies to use TIF for economic development and community investment purposes.


EIFD No. 1

Overview
Goals and Eligible Improvements

Bridge District IFD No. 1

Overview
Goals and Eligible Improvements