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InBrightonwehavemadesurethatouractivitiesalsobenetourschoolsandpublicservices.Urbanrenewalauthoritiesdonotlevytaxes.Redevelopmentoftheseareascanbeverycomplexandcostlyandthereisusuallyafundinggap.UrbanrenewalauthoritiesmayutilizeanancialtoolcalledTaxIncrementFinancingTIFtoclosethatgapandfundeligibleimprovementswithinthedesignatedarea.WhenanurbanrenewalplanareaiscreatedabaseassessedvalueisdeterminedbytheCountyAssessor.Onlythetaxincrementcreatedbynewdevelopmentintheplanareagoestoanurbanrenewalauthorityforaperiodnottoexceed25years.Taxentitieswhoreceivedtaxrevenuebeforeurbanrenewalcontinuetoreceivethetaxrevenuetheywerereceiving.Infacturbanrenewalhelpsincreasethetaxbaseovertime.Since2001oureortshavehelpedgrowBaseRevenueof1.7millionfortheCityofBrightonAdamsCountyGreaterBrightonFireDepartmentandSchoolDistrict27J.Wevecontributedanother3millioninrevenuesharingtotheseentitiesalongwithWeldCountyandSchoolDistrictWeldRE8.urBanreneWaLBenefitseveryoneRevenueSourceAssessedAdValoremTaxRealPersonalPropertytiftxitlmBBaseyearBjw25yearsassessedvaLuationincreasedvaLuationriBAdamsCounty493509CityofBrighton121988GreaterBrightonFireDept216372SchoolDistrict27J837036toBuraandotherentitiesBaseProPertyvaLues