Tax incremental districts : a lifecycle

Author / Creator

Dubinski, Mike, author

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Online

Summary

"Tax incremental financing (TIF) is a tool often used by municipalities to spur economic development. TIF allows municipalities to pay for public improvements and development incentives within a de...

"Tax incremental financing (TIF) is a tool often used by municipalities to spur economic development. TIF allows municipalities to pay for public improvements and development incentives within a defined, contiguous geographic area of the municipality - a tax incremental district (TID) - using the future taxes collected on the district's increased property value. The rationale behind a TID is that a municipality's public expenditures will encourage development, along with increased property value that would not have otherwise occurred. This issue brief will provide an overview of the lifecycle of a TID under Wisconsin's TIF law, s. 66.1105, Stats." -- from page 1

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