The City of Victoria finds that the protection, enhancement, and preservation of landmarks of historical importance and significance are necessary to promote the economic, cultural, educational and general welfare of the public. It is recognized that the historic resources of the City represent the unique confluence of time and place that have shaped the identity of generations of citizens, collectively and individually, and these resources constitute the heritage of the citizens of Victoria.
TIRZs are special zones created by City Council to attract new investment in an area. They act as a tool for local governments to use to finance public improvements and infrastructure within a defined area. This is not a new tax or an increase in tax rate.