Iowa State University Extension and Outreach-Montgomery County will host a workshop on Tax Increment Financing (TIF) next month. The session takes place June 7th, from 6- to 9-p.m., at the Montgomery County Extension office, located at 400 Bridge Street, in Red Oak.

Cindy Kendall, extension program specialist, Office of State and Local Government Programs will provide the educational opportunity for anyone interested in learning what the economic development tool TIF is, and how it can be used by communities.

Urban Revitalization and Urban Renewal laws have existed for many years and changed as legislation added players and regulation. The June 7th session is for the layperson wanting to get a better understanding of these economic tools as they stand today and potential impacts for tomorrow. Included in the discussion: What is in the toolbox; A brief history of the Urban Revitalization and Urban Renewal laws, and the make-up of an Urban Renewal plan and report. Kendall will also provide some “buyer beware” guidance about the influence of the 2013 Property Tax Relief laws for community leaders to consider as they make decisions regarding good uses of TIF.

A light meal will be provided and there is no cost for this session, which is open to anyone interested. Please RSVP by June 3rd to the Extension office at 623-2592, so that adequate space and food can be arranged.