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Resolution of the Council of Allegheny County establishing a policy regarding the appropriate use of tax increment financing within the County.
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WHEREAS, Allegheny County Council wishes to promote sustainable development within Allegheny County that will add to the quality of life for residents and visitors;
WHEREAS, a robust regional economy which provides quality jobs and a stable tax base is necessary to sustain that quality of life;
WHEREAS, tax increment financing is one useful way to help stimulate the economy by committing local governments to spend a portion of future potential tax revenues to finance specific public improvements including water and sewer lines, roads, and other infrastructure;
WHEREAS, tax increment financing is a powerful financing tool for investing in infrastructure, and it should not be used as an incentive or subsidy since other programs and funding sources exist for that purpose;
WHEREAS, Allegheny County wishes to encourage, as appropriate, the development of economic generators for the region, including office, manufacturing, commercial and industrial uses, and, where feasible, mixed-use communities with a mixture of office, industrial, retail, and residential uses in proximity within a single project;
WHEREAS, Allegheny County wishes to encourage multi-municipal planning as well as intergovernmental communication and action to minimize undue and unhealthy competition within the region;
WHEREAS, Allegheny County wishes to encourage wise comprehensive planning at the municipal and county level, following the spirit and the letter of the Pennsylvania Municipalities Planning Code;
WHEREAS, Allegheny County wishes to implement a regional capital investment strategy to advance such municipal and county comprehensive plans;
AND WHEREAS, Allegheny County Council wishes to provide citizens of Allegheny County, local municipalities, businesses, developers and other interested parties with a c...
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