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City Council approved an ordinance Monday to further discuss the tax increment financing district in the 5th Ward, and to confirm a public hearing and Joint Review Board meeting to discuss logistics and feedback with community members. 
In TIF districts, property tax revenues above a certain baseline are reallocated for public works or economic development improvements in the area. Outgoing Ald. Robin Rue Simmons (5th) said the ordinance has the potential to help the city increase affordable housing and economic opportunity.
Simmons voted in support of the plan and said it’s still in its early phases.
“What’s most important is that this is a necessity for us to understand what our options are. This is not an action,” Rue Simmons said. 

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