DAILY WISCONSIN

Janesville Gazette Distorts meaning of Tax Incremental Financing 

First of all, TIF districts were not designed or intended to be used by municipalities to “acquire” property or weaponized to allow private parties to acquire property through government force or below market value. But apparently, according to the newspaper’s new definition, that is how a TIF District works. The part about “charging” the cost of common areas and infrastructure to the district IS how it is supposed to be, but ironically, that’s not how the TIF works for Dollar General.

Via Local Tools Rework TIF Districts Into Tax Exempt Districts For the Oligarchs @ Rock Netroots.

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