I am sure we have all experienced getting a pay raise or a bonus of some sort at work and by the time the Feds and the State get done taxing that new income there is very little remaining to enjoy. Wouldn’t it be nice if when you did earn extra income you could keep all that was awarded to you without having to give a large portion to the taxing authorities? This is exactly what one of the benefits of having a (TIF) “Tax Increment Financing” district can do for the town of Scarborough.

Every new home and every new business building constructed in town adds to the overall town assessment value that is subject to some type of tax by the State and County.