The Court approved a resolution formally establishing Reinvestment Zone Number Three in Harris County for the purpose of tax increment financing, setting its geographic boundaries, and creating a board of directors to oversee it.

What it means for you

A new tax increment financing zone has been created in Harris County, meaning future increases in property tax revenue within its boundaries can be set aside to fund improvements in that area.

Outcome

A motion was made by Commissioner Ellis, seconded by Commissioner Garcia, that this item be approved. The motion carried by the following vote: (5-0)

How each member voted

5–0, per the official record.