What is the downside of tax increment financing.?

0 ⤊

What is the downside of tax increment financing.?

I am in need of information regarding the negative effects of tax increment financing ( TIF) on a community.

2006-10-09 07:50:32 · 1 answers · asked by skip_99_99 1 in Business & Finance ➔ Taxes ➔ United States

1 answers

The community doesn't get tax revenue from the entity for a period of time. It's supposed to be incentive for new growth, but if the entity receiving the TIF financing would have built there anyway, then it's lost revenue to the community.

2006-10-09 13:52:13 · answer #1 · answered by Judy 7 · 0⤊ 0⤋