Friday, July 17, 2015
The Tax Increment Financing (TIF) and Pay-in-Lieu-of-Taxes (PILOT) Transfer-Dedicated Taxes contains no funding in the FY 2016 proposed budget. The taxes collected under the TIF and PILOT Transfer-Dedicated Taxes (portions of Sales and Property Taxes) are no longer budgeted in the General Fund. Those revenues are directly deposited into the TIF and PILOT Special Revenue Funds within the Enterprise and Other appropriation title.