An Act To Expand The Use Of Tax Increment Financing District Revenue By Adding Public Safety As An Authorized Project Cost

LD 1045 amends Maine's tax increment financing (TIF) law to allow municipalities and plantations to use TIF revenue for public safety costs, including construction, expansion, and operation of facilities outside the TIF district. It specifically adds public safety facilities (like fire stations or police buildings) and related equipment to the list of eligible TIF project costs, and increases the allowable percentage of TIF revenue for such costs from 15% to 50% when tied to economic development. This change directly affects communities using TIF districts, enabling them to fund public safety improvements that support broader economic growth. The bill does not alter existing TIF district boundaries or create new funding streams, only expands authorized uses of existing TIF revenue.