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It’s time to close TIRZ 11 on island - The Galveston County Daily News : Guest Columns

September 19, 2014

It’s time to close TIRZ 11 on island

Posted: Thursday, March 27, 2014 12:00 am

Real estate market values have recovered, and the previous Galveston City Council’s implied deal to provide tax relief in exchange for a temporary 6-cent tax increase should be honored.

Revenues exist to provide at least 2 cents per $100 of assessed value in tax relief if just Tax Increment Reinvestment Zone 11 is brought onto the tax rolls instead of being allowed to continue.

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