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- W2060138432 abstract "TAX INCREMENT FINANCING (TIF) is a technique that allows a local gov ernment to target a group of con tiguous properties for improvement?a TIF district?and earmark any future growth in property tax revenues in the district to pay for initial and ongoing improvements there. TIF has been used to fund everything from ambi tious downtown redevelopment projects to industrial facility expansions to retail attrac tion schemes. This financing mechanism is arguably the most popular urban economic development strategy in the United States (Krohe 2007), although suburban and rural municipalities have been some of the most frequent adopters. Cities such as Chicago, Minneapolis, and St. Louis use TIF inten sively, but so do smaller jurisdictions such as Marion (Illinois), New Ulm (Minnesota), and St. Peters (Missouri). Not everyone is happy about the increas ing popularity of this local economic develop ment tool, which effectively freezes the prop erty tax base in the TIF district for overlapping" @default.
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- W2060138432 date "2008-04-01" @default.
- W2060138432 modified "2023-10-01" @default.
- W2060138432 title "The Effect of Tax Increment Financing on School District Revenues: Regional Variation and Interjurisdictional Competition" @default.
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- W2060138432 doi "https://doi.org/10.1177/0160323x0804000103" @default.
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