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Tax Increment Financing and Economic Development, Second Edition

Author : Craig L. Johnson

Publisher : State University of New York Press

Page : 368 pages

File Size : 36,14 MB

Release : 2019-07-10

Category : Political Science

ISBN : 1438474997

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Book Description

Examines the many issues raised by TIF, the most widely used tool of local economic and community development. This book brings together leading experts to examine the evolving nature of tax increment financing (TIF), the most widely used tool of local economic and community development. Originally designed as an innovative approach to the redevelopment of blighted areas, it has become a more general-purpose tool of economic and community development. Contributors offer case studies of the uses, structures, and impacts of TIF projects alongside more general discussions on the theoretical, financial, and legal bases for the use of TIF. They also explore its effect on overlapping jurisdictions such as cities, counties, and school districts. Some of the case studies capture TIF at its best—redeveloping areas that would likely never develop without substantial incentives. Other cases highlight questionable uses, especially where it has been used in new ways that those who developed the tool never envisioned. Originally published in 2001, the book was called “...a major contribution to the debate on the efficacy of such economic development financing tools as TIF...” by the journal Public Budgeting & Finance. Clear, comprehensive, and timely, this new edition features the latest research and thinking on TIF, including the political, legal, and even ethical issues surrounding its use. Craig L. Johnson is Associate Professor of Public Finance and Policy Analysis at Indiana University. He is the coauthor (with Martin J. Luby and Tima T. Moldogaziev) of State and Local Financial Instruments: Policy Changes and Management. Kenneth A. Kriz is University Distinguished Professor of Public Administration at the University of Illinois at Springfield.



Tax Increment Financing and Economic Development, Second Edition

Author : Craig L. Johnson

Publisher : SUNY Press

Page : 368 pages

File Size : 33,93 MB

Release : 2019-07-10

Category : Political Science

ISBN : 1438474970

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Book Description

Examines the many issues raised by TIF, the most widely used tool of local economic and community development. This book brings together leading experts to examine the evolving nature of tax increment financing (TIF), the most widely used tool of local economic and community development. Originally designed as an innovative approach to the redevelopment of blighted areas, it has become a more general-purpose tool of economic and community development. Contributors offer case studies of the uses, structures, and impacts of TIF projects alongside more general discussions on the theoretical, financial, and legal bases for the use of TIF. They also explore its effect on overlapping jurisdictions such as cities, counties, and school districts. Some of the case studies capture TIF at its best—redeveloping areas that would likely never develop without substantial incentives. Other cases highlight questionable uses, especially where it has been used in new ways that those who developed the tool never envisioned. Originally published in 2001, the book was called “…a major contribution to the debate on the efficacy of such economic development financing tools as TIF…” by the journal Public Budgeting & Finance. Clear, comprehensive, and timely, this new edition features the latest research and thinking on TIF, including the political, legal, and even ethical issues surrounding its use.



Improving Tax Increment Financing (TIF) for Economic Development

Author : David Merriman

Publisher :

Page : 0 pages

File Size : 25,79 MB

Release : 2018-09-05

Category : Economic development

ISBN : 9781558443778

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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.





Financing Economic Development in the 21st Century

Author : Sammis B. White

Publisher : Routledge

Page : 422 pages

File Size : 19,12 MB

Release : 2014-12-18

Category : Business & Economics

ISBN : 1317470516

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Book Description

The fully revised new edition of this textbook presents a well-balanced set of economic development financing tools and techniques focused on our current times of economic austerity. While traditional public sector techniques are evaluated and refocused, this volume emphasizes the role of the private sector and the increasing need to bring together different techniques and sources to create a workable financial development package. The chapters address critical assessments of various methods as well as practical advice on how to implement these techniques. New chapters on entrepreneurship, the changing nature of the community banking system, and the increasing need for partnerships provides critical insights into the ever-evolving practice of economic development finance.



Tax Increment Financing

Author : Susan Szaniszlo

Publisher :

Page : 32 pages

File Size : 50,8 MB

Release : 1984

Category : Tax increment financing

ISBN :

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Book Description





Strong Towns

Author : Charles L. Marohn, Jr.

Publisher : John Wiley & Sons

Page : 262 pages

File Size : 38,98 MB

Release : 2019-10-01

Category : Business & Economics

ISBN : 1119564816

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Book Description

A new way forward for sustainable quality of life in cities of all sizes Strong Towns: A Bottom-Up Revolution to Build American Prosperity is a book of forward-thinking ideas that breaks with modern wisdom to present a new vision of urban development in the United States. Presenting the foundational ideas of the Strong Towns movement he co-founded, Charles Marohn explains why cities of all sizes continue to struggle to meet their basic needs, and reveals the new paradigm that can solve this longstanding problem. Inside, you’ll learn why inducing growth and development has been the conventional response to urban financial struggles—and why it just doesn’t work. New development and high-risk investing don’t generate enough wealth to support itself, and cities continue to struggle. Read this book to find out how cities large and small can focus on bottom-up investments to minimize risk and maximize their ability to strengthen the community financially and improve citizens’ quality of life. Develop in-depth knowledge of the underlying logic behind the “traditional” search for never-ending urban growth Learn practical solutions for ameliorating financial struggles through low-risk investment and a grassroots focus Gain insights and tools that can stop the vicious cycle of budget shortfalls and unexpected downturns Become a part of the Strong Towns revolution by shifting the focus away from top-down growth toward rebuilding American prosperity Strong Towns acknowledges that there is a problem with the American approach to growth and shows community leaders a new way forward. The Strong Towns response is a revolution in how we assemble the places we live.



Tax Increment Financing (in Minnesota)

Author : James Noble

Publisher : DIANE Publishing

Page : 119 pages

File Size : 21,85 MB

Release : 1997-04

Category :

ISBN : 0788141503

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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.



Financing Economic Development

Author : Richard D. Bingham

Publisher : SAGE Publications, Incorporated

Page : 328 pages

File Size : 40,35 MB

Release : 1990-03

Category : Business & Economics

ISBN :

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Book Description

Financing Economic Development is a comprehensive resource which describes the major mechanisms available for financing economic development. The chapters describe financing tools or programs in some detail; provide one or more examples of how they work; classify the tool according to various approaches; and come to an evaluative conclusion about the utility and effectiveness of the mechanism for economic development. A documentation of institutional innovation by state and local government, this volume shows how governments--across the United States̮are working with private sector financiers, thereby allowing private intermediaries to invest in new enterprises. With contributions by highly qualified practitioners and academics, this volume is appropriate for professionals as well as for upper division undergraduate and graduate students in urban studies, public administration, and policy studies.