Tax Increment Financing

Literature Review on Tax Increment Financing

In the Encyclopedia of Public Administration and Public Policy, [1] Deborah A. Carroll offers the following summary about the topic of Tax Increment Financing: Tax increment financing (TIF) is an economic development tool and financial management strategy used to rehabilitate or enhance essential municipal infrastructure and stimulate economic development. Generally, municipalities implement TIF in an effort to improve blighted areas, attract potential investors for redevelopment, and expand the property tax base by increasing property values within a targeted area. This entry provides a discussion of the mechanics of tax increment financing, why municipalities use tax increment financing, and the controversy surrounding this economic development policy.

Resources

Notes and References

1. Entry about Tax Increment Financing in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

• Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)