08/31/2026
Happy Monday everyone, and I hope you enjoyed the weekend!
With all the excitement and anticipation of the most recent elections, it’s important to remember our city services, resources and jobs are STILL on the chopping block due to the 6 million dollar deficit we have. We still need solutions, so I’m going to throw 2-0 a softball solve and ask that he do at least something for our city on his now 5th year in office to clear that deficit.
One of my ideas throughout my campaign was implementing a Tax Increment Financing plan, or TIF for Yakima's First Street area. TIF is a development funding tool that allows a city to use future increases in property tax revenue (which is the “increment”) from a specific area to pay for improvements of that spot. Investors pay for things like lighting, sidewalks, roads, infrastructure, or new business incentives. So what are the benefits for Yakima if we implement this idea?
💰No new taxes: The TIF uses growth in existing tax revenue.
💰Revitalizes a struggling area of town: Increasing safety/walk around
💰Encourages private investment: Developers are more likely to build when infrastructure improves.
💰Long-term financial return: After the TIF district expires (usually 20 years), all the increased tax revenue flows back to the general fund, creating a nice boost, and will continue to sustain for the future! Basically-growth pays for growth. Win-win.
How would it generate money?
Right now, First Street properties bring in a set amount of property tax each year. After improvements, property values rise, and new businesses increase activity. That new tax revenue (the increment) stays within the First Street area for 20 years to pay off the improvements. So here is an example: if the area’s value grows by $60 million, it could produce about $700,000 in new tax revenue per year. That’s enough to fund around $10 million in upgrades without new taxes or borrowing from the city’s general fund.
When the TIF period ends, all of the new tax growth goes back into the city’s budget permanently, creating long-term revenue for Yakima.
Let’s see if Matt will take this idea and run with it. He should, he should! Yet he won’t, because it wasn’t ‘his idea.’ He’s notorious for that. God help us.