Oftentimes a municipality provides the up-front financing for projects that it solicits, through bonds for example. BIW will make the improvements and BIW will receive, by way of refund, a portion of the tax increment that the municipality collects from increased valuation of the improvements. The DECD is the agency responsible for the administration of the TIF statute. This Court gives deference to construction of a statute by the agency responsible for its administration absent an indication of legislative intent to the contrary. The record before us includes other examples of TIF plans that include direct repayments to developers, rather than bond repayments to implement the program.
Nothing mandates the specific type of financing to be provided to accomplish the program objectives.
Andrew M. Braceras, Esq. Jonathan A. Block, Esq. Plaintiffs are sixteen individuals who are residents and taxpayers of the State of Maine. Twelve of the plaintiffs are residents and taxpayers of the City of Bath. Orlando Delogu is a resident and taxpayer of the City of Portland.