DIXFIELD — Selectmen met with a representative from Maine Revenue Services on Tuesday night about possibly creating a tax increment financing district for the proposed multimillion-dollar wind power project on Colonel Holman Mountain.
Patriots Renewables LLC of Quincy, Mass., wants to erect 13 wind turbines on the mountain ridge.
Mike Rogers, assistant director for Maine Revenue Services, explained how TIFs work and gave scenarios showing possible tax rate decreases in TIF districts.
TIFs are a public financing method which have been used as a subsidy for redevelopment and community improvement projects.
Selectman Malcolm Gill asked about using a TIF program to help build and improve roads.
Rogers said TIF programs would need to be approved through the state and they have certain restrictions. Normally a TIF requires some form of economic development within a town and requires the program to cover a set district. He said it has been approved in the past for towns looking to improve and develop roads for logging projects.
Rogers has worked with other towns, including Roxbury and Rumford, to explain the tax implications for a large commercial project.