Ahead of Tuesday’s election, local candidates are cracking down on their main focus in office, should they be elected.Running ...
A: TIF is not an additional property tax; it is simply a tool that harnesses portions of the taxes already collected in the downtown district toward public infrastructure within the downtown district.
The financing part of TIF occurs as a result of the authority’s powers to receive and issue loans. In the park/candy store example, the simple fact that a development authority has been created also ...
And I think what’s being proposed in Omaha is an example of how liberally construed it could possibly be, because this is such an extraordinary, expansive use of TIF beyond anything we’ve ever ...
Emrick also said that residents' taxes will not increase due to the TIF district, but instead, any money generated will go right back into the district itself. Another common example of a TIF ...
Yet despite all these examples, there remain confusion and misinformation. The establishment of a TIF district is straightforward. A municipality designates a blighted area that needs investment ...
We check in with a local election clerk. Then, we return to TIF in Traverse City in case you’re still confused before Tuesday ...
TIF revenues are generated from incremental property ... the district’s investments in the North Lawndale schools were an example of no longer “kicking the can down the road” or “passing ...
The St. Paul City Council will use tax increment finance dollars pooled from TIF districts throughout the city to prop up the redevelopment of downtown Mary Hall into 90 units of supportive ...
The Union Pier TIF, for example, is set for 30 years and could redirect $350 million to more than $500 million from the district's future general fund budgets. The district sees $21 million ...
Francis said he hopes the bigger TIF district doesn’t lead to more industrialization. But Schalliol said the county doesn’t have plans, for example, to bring more data centers to the ...
Cannes' Christian Jeune, has hailed the next generation of filmmakers chosen for the Tokyo International Film Festival's ...