Tax Increment Financing (TIF) has proven to be one of the City of West Allis' most powerful and successful economic revitalization tools to spur private investment. In a TIF district, public investments are made to encourage growth and redevelopment. TIF finances the public investments by capturing, for a limited time, the increased tax revenue that results when increased private investment is generated. When the projects are paid off, the increment goes back into the general tax revenues.
More information about the City of West Allis' past and current TIF districts can be found here. Additional information is available from the Wisconsin Department of Revenue (PDF).