Many neighborhood improvement projects are funded by tax dollars from that community, designated to go back. It's all part of a plan created in 1990, but leaders are looking to update the policy.
City leaders are looking to update the policy that governs a plan that uses tax dollars to help fund many neighborhood improvement projects.City of Houston leaders are looking to update policies relating to tax reinvestment zones for the first time in almost 35 years., were established in 1990, and there are currently 28 in Houston.
Each zone has a board of directors that decides how the money will be spent to better the community. In many cases, the projects relate to sidewalks, lighting, parks, roads, and drainage. A vote to update how they are created, managed, and terminated was put before the council on Wednesday. The updated policy would allow the reinvestment zone to be terminated if it is underproducing or has achieved its goals. They would also be regularly monitored to ensure they are meeting goals.
Craig believes the policy should also give more power to the constituents of the TIRZ to determine how they want the money spent.
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