When towns, cities, or counties create TIF districts, tax revenues that result from additional sales or increased property taxes are not shared in the community as a whole but are concentrated on the district. TIFs burden those not in the TIF to support community-wide infrastructure and schools. TIF money is often spent on private investment and favors large corporations.
Tax Increment Finance Districts (TIFs)
Author: Byron Schlomach
Abstract: An encore reposting of the works of the 1889 Institute.