Tax Increment Financing and Economic Development: Uses, Structures, and Impact

by Craig L. Johnson (Editor), Joyce Y. Man (Editor)

Overview

Examines the many issues raised by the increasing popularity of tax increment financing.

A variety of policies, programs, and strategies have been designed to provide assistance, directly or indirectly, to businesses for the purpose of promoting economic development in a community. This book provides a comprehensive and detailed discussion of the uses, structures, and impacts of tax increment financing (TIF), one of the most widely used state and local economic development policies. Offering specific examples, cases, surveys, and empirical evidence, it addresses how TIF works, why TIF is adopted, and what impacts TIF has on local economic development.

Product Details

ISBN-13:	9780791449769
Publisher:	State University of New York Press
Publication date:	04/19/2001
Series:	SUNY series in Public Administration
Pages:	276
Product dimensions:	6.00(w) x 9.00(h) x 1.00(d)

About the Author

Craig L. Johnson and Joyce Y. Man are Associate Professors in the School of Public and Environmental Affairs, Indiana University.

Table of Contents

Index of Figures and Tables

Acknowledgments

1. Introduction
Joyce Y. Man

PART I

2. A Primer on Tax Increment Financing
J. Drew Klacik and Samuel Nunn

3. A Review of State Tax Increment Financing Laws
Craig L. Johnson and Kenneth A. Kriz

4. Nonproperty Tax Increment Programs for Economic Development: A Review of the Alternative Programs
John L. Mikesell

5. The Use of Debt in Tax Increment Financing
Craig L. Johnson

6. Determinants of the Municipal Decision to Adopt Tax Increment Financing
Joyce Y. Man

7. Effects of Tax Increment Financing on Economic Development
Joyce Y. Man

PART II

8. Tax Increment Financing and Fiscal Stress: The California Genesis
Jeff Chapman

9. The Impact of Tax Increment Financing on School Districts: An Indiana Case Study
Robert G. Lehnen and Carlyn E. Johnson

10. Tax Increment Financing in Texas: Survey and Assessment
Enid Arvidson, Rod Hissong, and Richard L. Cole

11. Tax Increment Financing in Indiana
J. Drew Klacik

12. Using TIF to Provide Affordable Housing: A Fiscal Impact Analysis of the King Park TIF District in Urbana, Illinois
Andrea Elson, Gerrit Knaap, and Clifford Singer

13. Are TIFs Being Misused to Alter Patterns of Residential Segregation? The Case of Addison and Chicago, Illinois
David A. Reingold

14. The Use of Tax Increment Financing in Redeveloping Brownfields in Minnesota
Jeff Zachman and Susan D. Steinwell

15. Conclusion
Craig L. Johnson

About the Authors

Author Index

Subject Index

Editorial Reviews

This book provides the most complete discussion of TIF policies that I have seen. The cases are drawn from original data that focus attention on the development and application of this policy instrument. They demonstrate how TIF may fulfill or fall short of the original intent for this policy tool.” — Barbara Coyle McCabe, Arizona State University

“Individuals will want to own this book if they have anything to do with economic development or public finance at the state and local level... and will want to refer to over and over.” — Irene Rubin, Northern Illinois University

From the Publisher

Fifteen contributions discuss the uses, structures, and impacts of tax increment financing (TIF). TIF serves as a geographically targeted tax, expenditure, and regulatory inducement to a specific (usually blighted) location. A sampling of topics includes a review of state TIF laws, the use of debt, determinants of the municipal decision to adopt TIF, and the effects of TIF on local economic development. Also included are case studies, which describe the impact of TIF on school districts in Indiana, TIFs and residential segregation in Addison and Chicago, Illinois, and the use of TIF in redeveloping brownfields in Minnesota. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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