Buy custom The implementation of tax increment financing
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Social Issues
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Number of pages / Number of words: |
17 / 4674 |
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Several TIF-enabling legislative actions took place during the period from mid-1970s to late 1980s. This period also coincides with a significant decrease in federal aid to state and local governments (Klemanski, 1999). Between 1975 and 1990, federal aid to state and local governments as a percentage of GDP went down from 3...
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Federal aid in 2000 was still below its 1975 level. Initially, TIF aimed at financing a variety of infrastructure improvements for economic development and growth. Today, this original goal can be extended to include lower unemployment, higher wages, higher property values, business attraction, industrial development, downtown development, overall infrastructure improvements, and increases in local tax revenues (Todun & Yakolev, 2002)...
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The Federal Reserve Policy from 1999 to the Present:
The implementation of tax increment financing
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