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Rangeley voters to consider designating downtowns as tax increment financing districts

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RANGELEY Voters on Tuesday will consider designating the Rangeley and Oquossoc villages as a tax increment financing district to continue revitalization and improve growth.
Polls will be open from 8 a.m. to 8 p.m. at the Town Office.
The proposed district encompasses nearly 678 acres. If approved by voters and the state, the 30-year agreement would go into effect July 1.
The agreement is expected to give the town options to continue revitalization of the area and improvements for growth in the downtowns. All improvements would be in line with the Rangeley and Oquossoc Downtown Revitalization Action Plan, which the Board of Selectmen adopted in 2019. It identifies action items to preserve historic character, enhance Main Street, improve pedestrian and vehicular access, encourage a sustainable year-round economy, and upgrade parking, utilities, broadband, and cellular services, according to a news release on the town website, townofrangeley.com. ....

Alyssa Tibbetts , Town Office , Oquossoc Downtown Revitalization Action Plan , Main Street , Franklin County , அலிஸா தீப்பெடட்ச் , நகரம் அலுவலகம் , ஆக்வாஸ்ஸக் நகர புத்துயிர் நடவடிக்கை திட்டம் , பிரதான தெரு , பிராங்க்ளின் கவுண்டி ,

TIF Policy & Voter Input

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As reported in the December 25, 2020 edition of the Rangeley Highlander, a public hearing was held on December 8, 2020 to provide information and receive input on the Rangeley and Oquossoc TIF (Tax Increment Financing) District and Development Program. This 30 year program which includes 677.96 acres of the downtown areas of Rangeley and Oquossoc is expected to produce $6.5 million in increased tax revenue. Up to 100% of this tax revenue can be put into the TIF account and be used to help fund development in the TIF Districts. The amount of tax money that doesn’t go into the TIF account would be used to fund Town government and would not have to be raised through property taxation. ....

Alyssa Tibbetts , Economic Development Consultant , Funding For Economic Development , Connectme Authority , District Program , Economic Development Department , Economic Opportunity Committee , Development Program , Revolving Loan Fund , Rangeley Economic Development Consultant , Rangeley Highlander , Tax Increment Financing , Darryl Sterling , Economic Development , Project Costs , அலிஸா தீப்பெடட்ச் , பொருளாதார வளர்ச்சி ஆலோசகர் , நிதி க்கு பொருளாதார வளர்ச்சி , மாவட்டம் ப்ரோக்ர்யாம் , பொருளாதார வளர்ச்சி துறை , பொருளாதார வாய்ப்பு குழு , வளர்ச்சி ப்ரோக்ர்யாம் , சுழலும் கடன் நிதி , ரேஞ்ச்லி பொருளாதார வளர்ச்சி ஆலோசகர் , ரேஞ்ச்லி ஹைலேண்டர் , டார்ரில் ஸ்டெர்லிங் ,