As established by Chapter 39.114 RCW, a local government may propose to designate a Tax Increment Financing (TIF) area and use the associated tax allocation revenues to pay for public improvement costs.

As part of the process to establish a TIF area, a local government must prepare a project analysis, the requirements of which are outlined in RCW 39.114.020 (2) (see link to TIF Project Analysis Contents below). RCW 39.114.020 (7)(b) requires that proposed TIF area project analyses are submitted to the Office of the State Treasurer (OST) for review, and that the local government take into consideration any comments that OST may provide.

TIF Project Analysis Contents

Email tif.review@tre.wa.gov to request project analysis review.

Completed Reviews

Port of Walla Walla November 3, 2023
City of Federal Way October 12, 2023
City of Ridgefield August 24, 2023
Port of Grays Harbor May 30, 2023
City of Blaine May 16, 2023
City of College Place April 28, 2023
City of Chelan April 25, 2023
City of Kirkland March 27, 2023
City of Wenatchee January 31, 2023
City of Pasco September 23, 2022
Port of Vancouver May 27, 2022
Port of Pasco December 1, 2021

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Washington State Treasurer Mike Pellicciotti (left) at a 2022 press conference in support of the SAFE Banking Act, speaking before handing the microphone over to U.S. Senator Patty Murray (right).
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