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Webb Memo/West Side TIFCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903 Telephone: (406) 758-7701 Fax: (406) 758-7758 July 23, 2009 TO: Mayor & City Council FRM: Interim City Manager Re: Workshop 27 July- Westside TIF The council will have some interesting and important decisions regarding the Westside TIF. As you know this TIF district will expire at the end of FY2010. Whatever funds are in the district accounts will be distributed to all the taxing entities associated with the area. The city's portion is about 25%. There are other options and two of those options will discussed during this workshop. Of course any TIF funds used for a public improvement project will mean less going to the general fund when the TIF district ends. TIF districts are formed to encourage development which will grow the local economy, create good jobs, and expand the tax base. In this the Westside TIF has been successful. There are three basic questions I think you should ask yourself when considering the use of TIF funds: • Does the business activity asking for the funds acquire its revenue from outside MT? An economy will only grow if it is successful in acquiring revenue from outside its own economic region. How many good jobs will the activity create or retain? A good job by definition makes at least $15/hour which can include the worth of benefits. Anything less than $15/hour will be a drag on the economy rather than a stimulus. The creation of good jobs means the revenue coming into the activity is being equitably distributed to the economy thru wages and benefits to its members. • Does the project improve or preserve the tax base? Business improvements that involve both structures and equipment pay taxes on both. Tax revenue from business activity usually exceeds the cost of public services. The more income a business project acquires from outside the state, the more good jobs it creates/retains, and the more it improves/preserves the tax base, the more deserving it is of public support.