Description
The San Bernardino County is seeking a consultant to provide financial review services for Tax Increment Financing (TIF) districts. The consultant will assist the County in conducting comprehensive financial reviews of proposals submitted for the establishment of TIF districts within the County. The scope of work includes evaluating the fiscal feasibility and projected economic impacts of TIF districts, including general fund impact analysis, baseline assessed value forecasting, and development forecasting. The contract period will be for a maximum of 5 years, beginning on July 1, 2026, and ending on June 30, 2031.
• The consultant will perform either a full or partial financial review of potential TIF proposals.
• The consultant will evaluate the fiscal feasibility and projected economic impacts of TIF districts.
• The consultant will provide a financial impact analysis, including a comparison of the increased amount of property and sales taxes to the County generated by the project with the amount of property taxes contributed to the TIF district.
• The consultant will conduct a sensitivity analysis to evaluate the risk associated with tax forecasts based on various economic scenarios.
• The consultant will provide a report with findings and recommendations to the County.