Tax Increment Financing and Economic Development, Second Edition: Uses, Structures, and Impact

Product Description

Examines the many issues raised by TIF, the most widely used tool of local economic and community development.

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.

Review

“This book provides the most complete discussion of TIF policies that I have seen. The cases are drawn from original data that focus attention on the development and application of this policy instrument. They demonstrate how TIF may fulfill or fall short of the original intent for this policy tool.” — Barbara Coyle McCabe, Arizona State University
“Individuals will want to own this book if they have anything to do with economic development or public finance at the state and local level… and will want to refer to over and over.” — Irene Rubin, Northern Illinois University

About the Author

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.