{"id":2724,"date":"2018-07-17T17:06:27","date_gmt":"2018-07-17T22:06:27","guid":{"rendered":"http:\/\/ccrma.org\/?page_id=2724"},"modified":"2018-07-17T17:06:27","modified_gmt":"2018-07-17T22:06:27","slug":"funding-sources","status":"publish","type":"page","link":"https:\/\/ccrma.org\/es\/financials\/funding-sources\/","title":{"rendered":"Fuentes de financiamiento"},"content":{"rendered":"

TRZs Generate Transportation Funding for Local Communities<\/h2>\n

Transportation Reinvestment Zones (TRZs) are an innovative means of generating local funding for transportation projects by capturing and leveraging the economic growth that results from a transportation project. The legislature initially authorized the creation of TRZs in 2007. Since that time, TRZs have proven to be a valuable tool for Texas communities.<\/p>\n

A TRZ may be formed by a city or a county for the purpose of furthering the development of a transportation project.<\/p>\n

Typically, a new roadway (or expansion of an existing roadway) will spur growth in the number of homes and businesses in the area surrounding the project. That growth will result in increased property values and property tax revenues from the area impacted by the project. A TRZ is a means to capture that increase in property tax revenues and use those revenues to help pay for the project that was the catalyst for the growth without raising taxes. A TRZ requires designating an area around the project from which the increased property values will be captured.<\/p>\n

TRZs Do Not Result in New Taxes<\/h3>\n

A TRZ does not involve the imposition of new taxes or an increase in existing tax rates; it simply allows a city or county to dedicate the incremental increase in tax revenues generated within the boundaries of the TRZ to the transportation project for which the TRZ was created.<\/p>\n

No Impact to Taxpayers<\/h3>\n

The inclusion of property within a TRZ will not have any impact on property owners. They will continue to make property tax payments as they always have. It is up to the City or County forming the TRZ to account for the portion of the taxes that are an increase from the taxes paid in the year in which the TRZ was established.<\/p>\n

Cameron County TRZs & CCRMA<\/h3>\n

In December 2015 Cameron County and the CCRMA executed an interlocal agreement for the CCRMA to administer a Countywide TRZ for the long-term planning and development of transportation projects in the County. The projects identified for development can be found in the CCRMA system map of projects under the projects information page.<\/p>\n

For further information about TRZs, contact the CCRMA<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TRZs Generate Transportation Funding for Local Communities Transportation Reinvestment Zones (TRZs) are an innovative means of generating local funding for transportation projects by capturing and leveraging the economic growth that results from a transportation project. The legislature initially authorized the creation of TRZs in 2007. Since that time, TRZs have proven to be a valuable…<\/p>\u2026 Lee mas<\/a><\/span>","protected":false},"author":2,"featured_media":0,"parent":29,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-2724","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nFunding Sources - Cameron County Regional Mobility Authority<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ccrma.org\/es\/financials\/funding-sources\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Funding Sources - Cameron County Regional Mobility Authority\" \/>\n<meta property=\"og:description\" content=\"TRZs Generate Transportation Funding for Local Communities Transportation Reinvestment Zones (TRZs) are an innovative means of generating local funding for transportation projects by capturing and leveraging the economic growth that results from a transportation project. 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