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In this introductory video on tax increment financing (TIF), Matt Molot from Sterling Commercial Real Estate Advisors discusses the basics of TIF funding. TIF is a term often used in the news and is both controversial and complex. TIF projects are neither all good nor all bad. TIF funds can only be spent in a TIF district, which is established by local ordinances. City councils or county commissions create these ordinances after gathering input. This series aims to simplify TIF concepts and provide clarity through local case studies.