What is it about?
This analysis uses 2003-2012 data from Indiana counties to examine whether Tax Increment Financing (TIF), a widely used economic development tool, captures activity that would have occurred anyway. The model results suggest that TIF is used to capture existing growth.
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Why is it important?
TIF was developed as a tool to encourage economic growth but this research suggests that local governments use it as a budget management tool to provide another source of revenue for projects rather than an economic development tool to increase property values.
Perspectives
This article is the culmination of work we have to understand the efficacy of TIF in Indiana.
Dagney Faulk
Ball State University
Read the Original
This page is a summary of: Tax increment financing: Capturing or creating growth?, Growth and Change, April 2019, Wiley,
DOI: 10.1111/grow.12296.
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