Tax incentive programs underfund schools
Rebuilding Place in Urban Space
MARCH 4, 2024
One of the biggest sources of funds for urban revitalization is tax increment financing. Governments impute a likely increase in property value and tax revenue from a new development, but direct that increase to the developer as a source of finance, inducement, etc. But that is all the taxes--city, county, schools, special districts, etc. The argument can be made that the tax abatement shouldn't be total, that it should be more measured, especially when it comes to funding local schools (" Stude
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