Committee will examine tax increment finance district

The Havre City Council has formed a committee of council members and members of the public to examine the possibility of implementing a tax increment finance district in downtown Havre.

A tax increment finance district is an urban renewal tool that allows communities to set aside tax dollars to use for improving an area. Once a district is established, any additional tax revenue that results from an increase in taxable value in the district goes into a separate account that is then used to help finance development and encourage private investment in the area.

The development strategy, made pos...