Segregation of TIF Funds

Each TIF authority is required to account for the revenues and expenditures of tax increment for each district separately from the revenues and expenditures of all other money – including tax increment from other TIF districts.

The TIF Act requires authorities to segregate each district’s tax increment in a special account (or accounts) on the TIF authority’s official books and records (or it may establish, by resolution, for the increment to otherwise be held by a trustee or trustees for the benefit of holders of bonds).

For more information regarding the segregation of TIF funds, please refer to our Statement of Position entitled TIF Segregation of Funds.

Last referenced October 22, 2021 in the State Auditor's E-Update