Will the EIFD increase taxes?

No. An EIFD is a a type of Tax Increment Financing, an economic tool which reinvests a portion of property tax from any increase in property value above a set base year (The Tax Increment) back into The District. This is not an increase in taxes, but rather takes 75% of the Tax Increment intended for the County General Fund and places it in a fund to be used on infrastructure projects which benefit The Samoa Peninsula.

Show All Answers

1. What is an EIFD?
2. Will the EIFD increase taxes?
3. What about sea level rise?
4. What type of Infrastructure is the EIFD funding?
5. Is the EIFD conducting an Environmental Impact Report?
6. How is an EIFD different from traditional Infrastructure Financing Districts?
7. How long will the EIFD last?
8. What are the Boundaries of the Samoa Peninsula EIFD?
9. Can projects outside the EIFD boundaries be funded?
10. What is the Public Financing Authority?
11. What is the Infrastructure Financing Plan?
12. Who were the stakeholders involved in early EIFD discussion?
13. How were property owners engaged about the EIFD prior to creation?
14. How can I become involved or learn more?