Municipalities look and continue toward alternative revenue sources for economic development, in light of decreasing federal aid. Since the 1950’s, states across the country have adopted public finance mechanisms to raise tax revenues to provide incentives to private developers. This study focuses on an economic development mechanism known as Tax Increment Financing (TIF) and the impact TIF will have on a taxing body, specifically, a school district. The study will examine the use of TIF over a forecasted thirty-five year period on a commercial AAA Baseball District in Reno, Nevada, and the revenue constraints the Washoe County School District (WCSD) experiences through the use of TIF. The analysis reveals when taking into account sales tax that is impacted by the use of TIF, revenue forgone in assessed values by the WCSD by fully participating in the TIF will be minimal. The effect TIF has on school districts can be overstated if school funding formulas are not fully examined.