How does a CRA affect my property taxes?

A CRA is financed through Tax Increment Financing (TIF). Tax Increment Financing is not increasing the property taxes within the Community Redevelopment District (CRA). It is rather changing the distribution of the property taxes.

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1. What is a Feasibility Study?
2. What is a Community Redevelopment Area (CRA)?
3. What is a Community Redevelopment Plan?
4. How is a CRA funded?
5. Who decides how CRA funds are spent?
6. How does Tax Increment Financing (TIF) work?
7. How does a CRA affect my property taxes?