Author: Craig L. JohnsonPublisher: SUNY Press
ISBN: 9780791449752
Category : Political Science
Languages : en
Pages : 292
Book Description
Examines the many issues raised by the increasing popularity of tax increment financing.
Tax Increment Financing and Economic Development
Author: Craig L. JohnsonPublisher: SUNY Press
ISBN: 9780791449752
Category : Political Science
Languages : en
Pages : 292
Book Description
Examines the many issues raised by the increasing popularity of tax increment financing.
Improving Tax Increment Financing (TIF) for Economic Development
Author: David MerrimanPublisher:
ISBN: 9781558443778
Category : Economic development
Languages : en
Pages : 0
Book Description
Economist David Merriman of the University of Illinois at Chicago reviews more than 30 individual studies in the most comprehensive assessment of tax increment financing (TIF) with practical recommendations for policy makers and practitioners. The report finds that while TIF has the potential to draw investment into neglected places, it has not accomplished the goal of promoting economic development in most cases. First implemented in the 1950s, TIF funds economic development within a defined district by earmarking increases in future property tax revenues that result from increases in real estate values in the district. The tax revenue can be used for public infrastructure or to compensate private developers for their investments, but TIF is prone to several pitfalls: it often captures some revenues that would have been generated through normal appreciation in property values, it can be exploited by cities to obtain revenues that would otherwise go to overlying government entities such as school districts, and it can make cities' financial decisions less transparent by separating them from the normal budget process. The report recommends several ways that state and local policy makers can reform TIF practices going forward.
Tax Increment Financing Project: An introduction
Author: Publisher:
ISBN:
Category : Tax increment financing
Languages : en
Pages : 28
Book Description
Tax Increment Financing Project
Author: Joel MichaelPublisher:
ISBN:
Category : Tax increment financing
Languages : en
Pages : 15
Book Description
Tax Increment Financing Project: An estimate of the state intergovernmental aid costs of tax increment financing
Author: Publisher:
ISBN:
Category : Tax increment financing
Languages : en
Pages : 40
Book Description
Tax Increment Financing Project: The 'but for' test and public costs and benefits
Author: Publisher:
ISBN:
Category : Tax increment financing
Languages : en
Pages : 40
Book Description
Tax Increment Financing Project: Background data on the use of tax increment financing
Author: Publisher:
ISBN:
Category : Tax increment financing
Languages : en
Pages : 46
Book Description
Tax Increment Financing Project
Author: Douglas S. WilsonPublisher:
ISBN:
Category : Tax increment financing
Languages : en
Pages : 32
Book Description
Tax Increment Financing (TIF) District Project Work Schedule
Author: Libertyville (Ill.)Publisher:
ISBN:
Category : Central business districts
Languages : en
Pages : 52
Book Description
Tax Increment Financing (in Minnesota)
Author: James NoblePublisher: DIANE Publishing
ISBN: 0788141503
Category :
Languages : en
Pages : 119
Book Description
Since the late 1980's, the Minnesota Legislature has enacted important reforms to Tax Increment Financing (TIF), the development tool that enables cities and other jurisdictions to capture the additional taxes which are generated by a development project to finance up-front site preparation or acquisition costs. The purpose of the reforms was to limit the use of TIF to certain kinds of development projects and to eliminate abuses of the financing tool. While the amount of captured tax capacity grew by an average of 24%/yr. between 1984 and 1989, it slowed to just 2%/yr. between 1990 and 1995.