Pasadena
Enhanced Infrastructure
Financing District
City Council
June 15, 2026
• Redevelopment agencies were
dissolved in 2012, eliminating a
key tax increment financing tool.
• SB 628 (2014) created Enhanced
Infrastructure Financing Districts
(IFDs) as a new infrastructure
financing mechanism.
• EIFDs use future property tax
growth to fund public
improvements and
infrastructure.
• EIFDs do not increase property
tax rates or create new taxes.
2 Background
• The areas outlined present
significant opportunities for
infrastructure investment and
future development.
• An EIFD could help fund
infrastructure needed to support
long-term economic growth.
3 Pasadena EIFD Context
• November 2025 – City and County
staff preliminary EIFD meeting
• March 2026 – Economic
Development & Technology
Committee
• April 2026 – City and County staff
EIFD boundary tour
4 Key Meetings & Presentations
1. F ind that the proposed actions are not a “project” subject to California Public Resources Code Section 21065 and within the meaning of California E nvironmental Quality A ct (CE QA ) pursuant to State CE QA Guidelines Section 15378(b); and
2. Recommend that City Council adopt a resolution declaring its intention to establish the Pasadena E nhanced Infrastructure Financing District (E IFD) and establishing the Pasadena E IFD Public Financing A uthority (PFA ); and
3. A ppoint two members of the City Council to the Public Financing A uthority Board and appoint one member of the C ity C ouncil as alternate B oard member.
Staff Recommendation
5 End of Presentation
Thank you!
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