Councilman Tom Gordon, a candidate for Crestview mayor, announced his endorsement for a tax increment financing district that would allow Okaloosa county residents to set aside monies specifically dedicated to improving Crestview’s infrastructure, including road improvements designed to decrease traffic congestion.
Gordon said he has met with county commissioners, planners and developers while seeking methods to decrease traffic congestion and improve Crestview infrastructure.
TIF works by essentially dedicating future property tax revenue to existing and planned projects and improvements.
It appears to be the best method of securing funding to decrease traffic congestion without increasing resident’s taxes, Gordon said.
If elected Crestview mayor, Gordon said he will bring a comprehensive plan to solve traffic congestion and infrastructure issues delaying businesses coming to Crestview.
Gordon said that decreased traffic congestion and improved infrastructure will allow for more and better-paying jobs to city residents as well as an improved quality of life.
This article originally appeared on Crestview News Bulletin: Gordon endorses TIF method to solve traffic congestion