Download or read book The Role of Tax Increment Financing in Land Use Change and Economic Development in the Coachella Valley Southern California written by Amer S. Althubaity and published by . This book was released on 1995 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reconstructing Urban Regime Theory written by Mickey Lauria and published by SAGE. This book was released on 1997 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban regime theory has gained a dominant position in the literature on local politics in the United States and its use in comparative cross-national research despite its cited shortcomings. In Reconstructing Urban Regime Theory, editor Mickey Lauria presents a challenging argument for the need to reconceptualize urban regime's middle-level abstraction by interpreting it through the lens of the higher-level abstraction of regulationist theory. The noted contributors to this volume propose stronger conceptual linkages between local agents and institutions, regime transformation, and the restructuring of urban space. The blend of empirical and case-study chapters provide an excellent mix of theory and practice that makes Reconstructing Urban Regime Theory well suited to a broad spectrum of upper-level undergraduate courses covering urban studies, political science, sociology, and geography as well as a rich resource for academics and researchers in these fields.

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1996 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Increment Financing written by Susan Szaniszlo and published by . This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Local Tax Policy on Urban Economic Development written by Roy W. Bahl and published by . This book was released on 1980 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Information Bulletin explores the effects of local tax policy on urban economic development. The paper is practitioner-oriented and addresses the question of how local officials might best think through the advisability of adjusting local taxes to stimulate community job formation.

Download or read book Guide to Programs of Geography in the United States and Canada written by and published by . This book was released on 1996 with total page 862 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book What Does the Research Say About Redevelopment written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Merriman, "The Effect of Tax Increment Financing on Land Use," in Dick Netzer, ed., The Property Tax, Land Use, and Land-Use Regulation (Cheltenham, United Kingdom, Edward Elgar Publishing: 2003).4 These studies found that municipalities that adopt TIF simply redirect economic development activity to TIF project areas at the expense of the rest of the city. [...] Based on an analysis of TIF projects in the Detroit metropolitan area, this study concluded that "it is hard to argue in favor of the benefits of new jobs for existing residents when we have found that an incentive can bring a greater number of new residents than new jobs, and thus decrease residential employment rates." However, the study also found that increased job opportunities in TIF areas t. [...] Man (eds.), Tax Increment Financing and Economic Development: Uses, Structures, and Impact (Albany, New York, State University of New York Press: 2001).12 This article examines the history of redevelopment in California and suggests that "fiscal stress might influence the degree of TIF redevelopment that occurs" in the state. [...] ...But it only works correctly if it is carefully planned, monitored, and implemented under the light of public scrutiny." The Bottom Line The findings of this body of research are echoed in the Legislative Analyst's Office's (LAO) recent review of the economic literature. [...] Some of the issues raised during the hearing include the fact that some RDAs consistently report spending the majority of their LMIHF dollars on planning and administration, which may constitute waste, and that no state department is charged with ensuring RDAs are in compliance with redevelopment law.

Download or read book Improving Tax Increment Financing TIF for Economic Development written by David Merriman and published by . This book was released on 2018-09-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economist David Merriman of the University of Illinois at Chicago reviews more than 30 individual studies in the most comprehensive assessment of tax increment financing (TIF) with practical recommendations for policy makers and practitioners. The report finds that while TIF has the potential to draw investment into neglected places, it has not accomplished the goal of promoting economic development in most cases. First implemented in the 1950s, TIF funds economic development within a defined district by earmarking increases in future property tax revenues that result from increases in real estate values in the district. The tax revenue can be used for public infrastructure or to compensate private developers for their investments, but TIF is prone to several pitfalls: it often captures some revenues that would have been generated through normal appreciation in property values, it can be exploited by cities to obtain revenues that would otherwise go to overlying government entities such as school districts, and it can make cities' financial decisions less transparent by separating them from the normal budget process. The report recommends several ways that state and local policy makers can reform TIF practices going forward.

Download or read book Financing Economic Development in Post Redevelopment California written by Andrew Joseph Sturmfels and published by . This book was released on 2012 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: In February 2012, the legislature abolished the state's redevelopment program. Local redevelopment agencies had participated in a myriad of economic development activities. Along with the dissolution of these entities, local officials lost the ability to use tax increment financing to fund projects. In the aftermath of these actions, municipal leaders are struggling to determine how they will finance future economic development and infrastructure. In this thesis, I provide an in-depth review of economic development activities once financed by RDAs, as well as remaining financing techniques local governments have at their disposal. I determine which financing mechanisms still exist that municipalities can use to complete economic development activities, and how each tool fits into the myriad of local economic development activities. Using a qualitative criteria alternatives matrix analysis I provide a matrix of options that pairs funding mechanisms with economic development activities. To evaluate each combination, I consider four criteria that need to be present in order to achieve success. This analysis underscored two important points. First, none of the current financing mechanisms have the same flexibility that existed with TIF through RDA. Second, financing mechanisms existed for nearly all of the economic development activities evaluated.

Download or read book Proposition 13 and Land Use written by Jeffrey I. Chapman and published by Free Press. This book was released on 1981 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Increment Financing Project written by Joel Michael and published by . This book was released on 1990 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effects of Tax Increment Financing on Economic Development written by Richard F. Dye and published by . This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book American Doctoral Dissertations written by and published by . This book was released on 1995 with total page 896 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Increment Financing and Missouri written by Paul F. Byrne and published by . This book was released on 2011 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of TIF's [Tax increment financing] obvious importance to policy makers and developers, the general public and even many policy makers lack a fundamental understanding of TIF and how its use impacts local economies. The goal of this policy study is to provide the general public and policy makers with a thorough and accessible understanding of the economics of TIF. The study will begin by presenting a basic model of how TIF finances development and how it can serve as an incentive for development. The paper will then discuss how TIF differs from other economic development incentives and how this difference can result in either a sharing of development costs among overlapping jurisdictions or the capturing of school district and county tax revenue by the municipality. Next the paper will discuss TIF's role in economic development and tax competition along with the importance of the shifting of economic activity and the but-for provision. The paper will follow with a review of the academic literature's empirical findings on TIF and will then provide an overview of TIF use in Missouri. Finally the study will offer some concluding remarks.

Download or read book Economic Development Tax Incentive Study written by and published by . This book was released on 2017 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to North Dakota Century Code Section 54-35-26, created by 2015 Senate Bill No. 2057, a variety of economic development tax incentives are to be reviewed by a Legislative Management interim committee every 6 years. The study is aimed at ensuring that economic development tax incentives are serving their intended purposes in a cost-effective and equitable manner. This memorandum has been provided to assist in the review of tax increment financing (TIF) districts and provides an explanation of TIF districts, the perceived goals of the Legislative Assembly in creating or altering TIF district provisions, and the data and testimony that will be required to conduct an effective analysis of TIF districts.

Download or read book Rethinking Property Tax Incentives for Business written by Daphne A. Kenyon and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.

Download or read book Land and Building Taxes written by Arthur P. Becker and published by . This book was released on 1978 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: