Where does the money come from?

When the district is created, the assessed value of property within the district is set (or “frozen”) and those taxes continue to go to the government (city, county, and school districts through the State). Any property value increase above that frozen amount is called the “increment.” The amount of taxes on the increased value (or “increment”) is what is collected across the city for the urban renewal district to use for redevelopment projects.

Graph showing the "frozen base" and increment funding of urban renewal

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1. How Does Urban Renewal Work?
2. Where does the money come from?
3. Who decides how Urban Renewal funds can be used?
4. Where is Urban Renewal used in Eugene?
5. How has Urban Renewal been used?
6. Has Urban Renewal helped increase the value of downtown?