Great Falls Special Improvement District Policy Update

A Special Improvement District (SID) is a long-standing financing tool used to fund public infrastructure, such as streets, sidewalks, water, sewer, and stormwater improvements, that directly benefit specific properties. SIDs enable infrastructure to be constructed as needed and paid for over time by the properties that benefit, supporting both reinvestment in existing areas and new development. This draft update clarifies how SIDs are evaluated and applied, particularly in undeveloped districts or areas consisting solely of new development where infrastructure is often built before lots are sold or occupied. The policy establishes clearer expectations around shared risk, developer participation, and financial security, providing greater predictability for applicants while ensuring the City’s financing tools are administered with long-term accountability to taxpayers.