Modifies categories of recipients that participate in tax increment financing

HB 1777 modifies how property tax increases in redevelopment zones are allocated under tax increment financing (TIF) in Missouri. It directly affects municipalities using TIF to fund redevelopment projects, specifying that property tax increases above baseline values (the "increment") must be redirected to pay redevelopment costs. Key changes include requiring consent from taxing districts before redirecting revenue from voter-approved tax rate hikes, and clarifying that certain tax increases (like those from new levy rates) won’t automatically fund TIF without agreement. The bill also ensures that property valuation increases used for TIF won’t affect state school funding calculations until redevelopment costs are fully paid.