Tax Increment Finance Authority (TIFA)
Mt. Pleasant has three Tax Increment Finance Authorities (TIFA). The authorities initiate projects and programs to halt property value deterioration and increase property tax valuation in designated districts. One authority was created for the Central Business District (CBD) which describes Mt. Pleasant's downtown area. The other two TIFA districts were created for the Industrial Park North area, located east of N. Mission near US-27, and the University Park district that is situated on the south end of the Central Michigan University campus.
View related area maps:
TIFA is funded by a portion of the property taxes from the properties located within their districts. The TIFA Board then determines how the funds will be utilized, which directly or indirectly benefits all properties within the district. Typical projects include aesthetic improvements such as landscape, decorative lighting, entry walls, sidewalk brick pavers, planters, banners, holiday decorations, and the ongoing maintenance of those improvements.
A seven-member advisory board oversees the operation of TIFA. Board members are appointed by the City Commission and serve staggered four-year terms without pay.
TIFA Meeting Information
Until the new TIFA and PSD board is selected, the 2019 meeting schedule is TBD.