This book brings together leading experts to examine the evolving nature of tax increment financing (TIF), the most widely used tool of local economic and community development. Originally designed as an innovative approach to the redevelopment of blighted areas, it has become a more general-purpose tool of economic and community development. Contributors offer case studies of the uses, structures, and impacts of TIF projects alongside more general discussions on the theoretical, financial, and legal bases for the use of TIF. They also explore its effect on overlapping jurisdictions such as cities, counties, and school districts. Some of the case studies capture TIF at its best—redeveloping areas that would likely never develop without substantial incentives. Other cases highlight questionable uses, especially where it has been used in new ways that those who developed the tool never envisioned.Originally published in 2001, the book was called "…a major contribution to the debate on the efficacy of such economic development financing tools as TIF…" by the journal Public Budgeting & Finance. Clear, comprehensive, and timely, this new edition features the latest research and thinking on TIF, including the political, legal, and even ethical issues surrounding its use.
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Examines the many issues raised by TIF, the most widely used tool of local economic and community development.
List of Figures and Tables Acknowledgments Part I. Background 1. Introduction Craig L. Johnson and Kenneth A. Kriz 2. A Primer on Tax Increment Financing Craig L. Johnson and Kenneth A. Kriz 3. A Review of State Tax Increment Financing Laws Kenneth A. Kriz and Craig L. Johnson 4. The Use of Debt in Tax Increment Financing Martin J. Luby, Tima T. Moldogaziev, Craig L. Johnson, and Ruth Winecoff Part II. Implementation, Uses, and Structure 5. The Port Covington TIF: Did Baltimore “Protect This House”? Roy T. Meyers 6. TIF for Major Project Development: The Case of the Stapleton Airport Redevelopment Christine R. Martell 7. An Incentive Program Grows Up: The Evolution of TIF in Chicago Andrea Craft and Rachel Weber 8. TIF in California: Birth, Growth, Death, and Resurrection Catherine Horiuchi and Jeffrey I. Chapman 9. The (D)Evolution of TIF Use: Redevelopment to Land Development in Nebraska Craig S. Maher, Sungho Park and Ji Hyung Park 10. Using TIF for Brownfields Redevelopment E. Evans Paull 11. State Super TIF Programs: New Tools for Transformative Urban Redevelopment E. Evans Paull Part III. Economic, Social, and Fiscal Impact 12. The Theory and Economic Impact of Tax Increment Financing Kenneth A. Kriz 13. Tax Increment Financing and Spatial Spillovers Anita Yadavalli and Michael Delgado 14. The Conceptual Pliability of TIF and the Political Rhetoric of Environmental Remediation: Groundwater Pollution and Tax “Decrement” Financing in Wichita Chase M. Billingham and Sean Sandefur 15. TIF and Education Funding: Issues and Impact Phuong Nguyen-Hoang 16. TIF Legislation in Indiana: Agile and Adaptive Perry Burnett, Mohammed Khayum, Sudesh Mujumdar, and Daniel Friesner 17. Conlusion Craig L. Johnson and Kenneth A. Kriz Contributors Author Index Subject Index
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"…this updated volume makes a significant contribution to the literature. This edition is especially adept at demonstrating how the concept of TIF has been expanded through policy and practice. While the value of the text lies in its scope, breadth and analysis, it also serves as a benchmark, a point of reference, and ultimately, a roadmap … It is the go-to text for anyone wanting to learn the basics about one of the most popular economic development tools of our time." — Journal of Urban Affairs
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Produktdetaljer

ISBN
9781438474984
Publisert
2019-07-10
Utgiver
Vendor
State University of New York Press
Vekt
227 gr
Høyde
229 mm
Bredde
152 mm
Dybde
25 mm
Aldersnivå
G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
366

Om bidragsyterne

Craig L. Johnson is Associate Professor of Public Finance and Policy Analysis at Indiana University. He is the coauthor (with Martin J. Luby and Tima T. Moldogaziev) of State and Local Financial Instruments: Policy Changes and Management. Kenneth A. Kriz is University Distinguished Professor of Public Administration at the University of Illinois at Springfield.