Huntsville to create new tax district

Huntsville to create new tax district

HUNTSVILLE, AL (WAFF) - Thursday night, the Huntsville City Council presented a tax plan to help with the city's growth.
 
As more people move here and business relocate, more roads, schools and parks are needed. The city has designated, what they call Tax Increment Financing Districts.

Thursday the focus was on creating a new district which would encompass thousands of acres near Brownsferry Road and Moresville road.  They would call this District 6.

When these districts are created, the tax dollars generated from any new development in the area, will stay in the district.  This allows new roads and infrastructure to be built without raising property taxes.

Right now, the area which is in Limestone County, but within the Huntsville city limits, is largely undeveloped. The city wants to commit $68 million dollars to this area. That money will pay for 6 major projects which include an extension of Greenbrier Parkway, Old Highway 20 improvements, and a new Elementary school and park.

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