Improving Tax Increment Financing (TIF) for Economic Development

Improving Tax Increment Financing (TIF) for Economic Development PDF Author: David Merriman
Publisher:
ISBN: 9781558443778
Category : Economic development
Languages : en
Pages : 0

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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.

Improving Tax Increment Financing (TIF) for Economic Development

Improving Tax Increment Financing (TIF) for Economic Development PDF Author: David Merriman
Publisher:
ISBN: 9781558443778
Category : Economic development
Languages : en
Pages : 0

Get Book Here

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.

A Good Tax

A Good Tax PDF Author: Joan Youngman
Publisher:
ISBN: 9781558443426
Category : Local finance
Languages : en
Pages : 260

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Book Description
In A Good Tax, tax expert Joan Youngman skillfully considers how to improve the operation of the property tax and supply the information that is often missing in public debate. She analyzes the legal, administrative, and political challenges to the property tax in the United States and offers recommendations for its improvement. The book is accessibly written for policy analysts and public officials who are dealing with specific property tax issues and for those concerned with property tax issues in general.

Constitution of the State of Maine

Constitution of the State of Maine PDF Author: Maine
Publisher:
ISBN:
Category : Constitutions
Languages : en
Pages : 54

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Book Description


Payment of Taxes Under Protest

Payment of Taxes Under Protest PDF Author: Rhode Island Tax Official's Association, Providence
Publisher:
ISBN:
Category : Tax protests and appeals
Languages : en
Pages : 16

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Book Description


Journal of the House of Representatives of the United States

Journal of the House of Representatives of the United States PDF Author: United States. Congress. House
Publisher:
ISBN:
Category : Legislation
Languages : en
Pages : 1338

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Book Description
Some vols. include supplemental journals of "such proceedings of the sessions, as, during the time they were depending, were ordered to be kept secret, and respecting which the injunction of secrecy was afterwards taken off by the order of the House".

One Third of the Nation's Land

One Third of the Nation's Land PDF Author: United States. Public Land Law Review Commission
Publisher:
ISBN:
Category : Public lands
Languages : en
Pages : 374

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Book Description


The Assessment of Real Estate ...

The Assessment of Real Estate ... PDF Author: Lawson Purdy
Publisher:
ISBN:
Category : Property tax
Languages : en
Pages : 24

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Book Description


Santa Fe National Forest Plan

Santa Fe National Forest Plan PDF Author:
Publisher:
ISBN:
Category : Forest management
Languages : en
Pages : 237

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Book Description


Growth and Variability in State Tax Revenue

Growth and Variability in State Tax Revenue PDF Author: Randall G. Holcombe
Publisher: Bloomsbury Publishing USA
ISBN: 0313029997
Category : Political Science
Languages : en
Pages : 222

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Book Description
During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state policymakers, they are not the cause of fiscal crises. The book presents an improved methodology for measuring cyclical variability of revenues and uses this methodology to show that there is no way to restructure state tax systems in order to appreciably reduce the fiscal stress associated with recessions. Fiscal stress can be lessened by setting aside revenues during prosperous years in a rainy day fund, but current rainy day funds are not large enough to eliminate the fiscal stress caused by recessions.

Crimes Committed by Terrorist Groups

Crimes Committed by Terrorist Groups PDF Author: Mark S. Hamm
Publisher: DIANE Publishing
ISBN: 1437929591
Category : Political Science
Languages : en
Pages : 258

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Book Description
This is a print on demand edition of a hard to find publication. Examines terrorists¿ involvement in a variety of crimes ranging from motor vehicle violations, immigration fraud, and mfg. illegal firearms to counterfeiting, armed bank robbery, and smuggling weapons of mass destruction. There are 3 parts: (1) Compares the criminality of internat. jihad groups with domestic right-wing groups. (2) Six case studies of crimes includes trial transcripts, official reports, previous scholarship, and interviews with law enforce. officials and former terrorists are used to explore skills that made crimes possible; or events and lack of skill that the prevented crimes. Includes brief bio. of the terrorists along with descriptions of their org., strategies, and plots. (3) Analysis of the themes in closing arguments of the transcripts in Part 2. Illus.