Juneau Closes TIF #3 One Year Early

(Juneau) The Juneau Common Council Tuesday night approved the closure of Tax Increment Finance District #3 one year earlier than planned. The city will pay $8000 in TIF funds to pay off the remaining balance. Finance Committee Chair Cheryl Braun says the TIF, located on the city’s east side, has collected enough revenue since its establishment in 2007 to pay-off all debt.