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.
https://www.tre.wa.gov/wp-content/uploads/Medium-Close-Shot-Top-of-the-Legislative-Building.gif12001800ost_adminhttps://live-trewa-trewa.pantheonsite.io/wp-content/uploads/tre-wa-gov-logo-294x300-1.pngost_admin2023-11-07 15:44:462023-11-07 15:52:19In Latest Bond Sale, State Treasurer Passes Half-Billion Dollars Mark of Savings in First Term
https://www.tre.wa.gov/wp-content/uploads/Lewis-County-Fire-District-15-Winlock-Fire-Rescue-Fire-Truck-financed-via-LOCAL-Program-2023.jpg468748ost_adminhttps://live-trewa-trewa.pantheonsite.io/wp-content/uploads/tre-wa-gov-logo-294x300-1.pngost_admin2023-10-26 16:34:422023-10-30 08:16:26Municipal Districts Purchase Millions in Projects with help of State Treasurer’s Office
https://www.tre.wa.gov/wp-content/uploads/Legislative-Building-and-trees-in-spring.jpg10001500Adam Johnsonhttps://live-trewa-trewa.pantheonsite.io/wp-content/uploads/tre-wa-gov-logo-294x300-1.pngAdam Johnson2023-06-07 14:33:162023-06-07 14:42:37State Treasurer Locks-in Low Interest Rates in Financing for State Agencies and Five Local Governments