Tax Increment Financing (TIF) is a public financial tool cities, towns, and counties use to stimulate development and redevelopment in specific areas. This mechanism allows for the reallocation of ...

The way TIF works typically: For up to 20 years, the extra property taxes generated by new improvements on TIF sites are diverted over a set length of time to help private developers pay eligible ...

Tax increment financing uses future tax dollars to help finance development projects that might otherwise prove risky. How ...

Several academic studies of tax increment financing have put this economic revitalization tool into the headlines over the last few months. Scholars and public policy analysts have attempted to ...

A commercial area of Fairview Heights, including St. Clair Square, is now part of a new tax increment financing (TIF) district approved by the City Council. The Fairview Heights Lincoln Highway and ...

A report by a St. Paul fiscal watchdog group recently found that the use of tax-increment financing has been “overused and placed an undue burden” on taxpayers ...

Markham Mayor Roger Agpawa’s salary is set to steadily increase over the next four years, along with the salaries of several Markham employees, at least partially due to their work on a tax increment ...