3.3.7 Special Assessments, Special Taxes, and Tax Increments

Aside from general fund revenues or enterprise fund revenues, a public agency has other options to secure debt obligations. To finance projects in specific areas, a public agency can look to secure debt obligations with revenue streams such as special assessments and special taxes with the approval of property owners or voters that will benefit from the financed project. In addition, tax increment supported debt obligations generated by increased property values in designated areas can be considered as well.