The Transit Revitalization Investment District (TRID) Act currently allows the creation of districts to foster neighborhood revitalization that otherwise would not be financially feasible. TRIDs utilize future increased tax revenues generated by a designated district to pay for eligible costs of Transit Oriented Development (TOD) projects within the district. Essentially, TRIDs enable the completion of projects that produce quality, full-time jobs for residents, increase the local tax base, leverage substantial private investment, improve the local transit infrastructure, increase the quality and ridership of public transit, and provide benefits to the local community. 
 
My bill would amend the TRID statute to allow redevelopment authorities to receive future financial support for its continued operations after the TRID district is terminated. This support would come from a percentage allocation of the increased tax revenue for properties in the TRID after the TRID ends. The taxing bodies would still receive a significant increase in their tax base while providing a portion of that increase with redevelopment authorities to further support development efforts, both around and outside of the TRID district. The Urban Redevelopment Law does not include a funding mechanism for any work done by redevelopment authorities, making it essential for authorities to establish financial support to sustain operations. Taxing bodies providing a percentage of future tax revenue after the end of the TRID would provide such support. 
 
 To give redevelopment authorities this necessary financial flexibility, please join me in co-sponsoring this legislation.