Community Revitalization Levy Program

Description

The Community Revitalization Levy (CRL) allows municipalities to borrow against future property tax revenues to help pay for infrastructure required to spur new development in a specific area.

Improved infrastructure, such as new roads, wastewater system upgrades or new municipal buildings, is built to attract new private investment to the area, which increases property values. Planned redevelopment can also address socio-economic and environmental issues typically found in blighted areas. As the area is revitalized, the larger tax base benefits all taxpayers.