Improving tax increment financing (TIF) for economic development
All time 1319 Today 1
January 2, 2019
#David Merriman ,
#Fiscal and Economic Policy ,
#Illinois State Budget ,
#Illinois State Economy ,
#Legacy Report ,
#Taxes
TIF often fails in both obvious and subtle ways. For instance, TIF can fail if planned developments simply do not materialize, and even a successful TIF project may also impose negative externalities—like traffic, crime, or noise pollution—that lower the value of nearby houses or businesses.
