Tax Increment Financing and Economic Development
Uses, Structures, and Impact
2nd Edition
Published on 10. July 2019
Book
Paperback/Softback
366 pages
978-1-4384-7498-4 (ISBN)
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.
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.
Reviews / Votes
"...this updated volume makes a significant contribution to the literature. This edition is especially adept at demonstrating how the concept of TIF has been expanded through policy and practice. While the value of the text lies in its scope, breadth and analysis, it also serves as a benchmark, a point of reference, and ultimately, a roadmap ... It is the go-to text for anyone wanting to learn the basics about one of the most popular economic development tools of our time." - Journal of Urban AffairsMore details
Series
Edition
Second Edition
Language
English
Place of publication
Albany, NY
United States
Target group
College/higher education
US School Grade: From College Freshman to College Graduate Student
Product notice
Paperback (trade)
Illustrations
30 Figures; 2 Maps; 21 Tables, black and white; 1 Illustrations, black and white
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 22 mm
Weight
594 gr
ISBN-13
978-1-4384-7498-4 (9781438474984)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Craig L. Johnson | Kenneth A. Kriz
Tax Increment Financing and Economic Development
Uses, Structures, and Impact
E-Book
07/2019
2nd Edition
State University of New York Press
from
€88.99
Available for download
Persons
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.
Content
List of Figures and Tables
Acknowledgments
Part I. Background
1. Introduction
Craig L. Johnson and Kenneth A. Kriz
2. A Primer on Tax Increment Financing
Craig L. Johnson and Kenneth A. Kriz
3. A Review of State Tax Increment Financing Laws
Kenneth A. Kriz and Craig L. Johnson
4. The Use of Debt in Tax Increment Financing
Martin J. Luby, Tima T. Moldogaziev, Craig L. Johnson, and Ruth Winecoff
Part II. Implementation, Uses, and Structure
5. The Port Covington TIF: Did Baltimore "Protect This House"?
Roy T. Meyers
6. TIF for Major Project Development: The Case of the Stapleton Airport Redevelopment
Christine R. Martell
7. An Incentive Program Grows Up: The Evolution of TIF in Chicago
Andrea Craft and Rachel Weber
8. TIF in California: Birth, Growth, Death, and Resurrection
Catherine Horiuchi and Jeffrey I. Chapman
9. The (D)Evolution of TIF Use: Redevelopment to Land Development in Nebraska
Craig S. Maher, Sungho Park and Ji Hyung Park
10. Using TIF for Brownfields Redevelopment
E. Evans Paull
11. State Super TIF Programs: New Tools for Transformative Urban Redevelopment
E. Evans Paull
Part III. Economic, Social, and Fiscal Impact
12. The Theory and Economic Impact of Tax Increment Financing
Kenneth A. Kriz
13. Tax Increment Financing and Spatial Spillovers
Anita Yadavalli and Michael Delgado
14. The Conceptual Pliability of TIF and the Political Rhetoric of Environmental Remediation: Groundwater Pollution and Tax "Decrement" Financing in Wichita
Chase M. Billingham and Sean Sandefur
15. TIF and Education Funding: Issues and Impact
Phuong Nguyen-Hoang
16. TIF Legislation in Indiana: Agile and Adaptive
Perry Burnett, Mohammed Khayum, Sudesh Mujumdar, and Daniel Friesner
17. Conlusion
Craig L. Johnson and Kenneth A. Kriz
Contributors
Author Index
Subject Index
Acknowledgments
Part I. Background
1. Introduction
Craig L. Johnson and Kenneth A. Kriz
2. A Primer on Tax Increment Financing
Craig L. Johnson and Kenneth A. Kriz
3. A Review of State Tax Increment Financing Laws
Kenneth A. Kriz and Craig L. Johnson
4. The Use of Debt in Tax Increment Financing
Martin J. Luby, Tima T. Moldogaziev, Craig L. Johnson, and Ruth Winecoff
Part II. Implementation, Uses, and Structure
5. The Port Covington TIF: Did Baltimore "Protect This House"?
Roy T. Meyers
6. TIF for Major Project Development: The Case of the Stapleton Airport Redevelopment
Christine R. Martell
7. An Incentive Program Grows Up: The Evolution of TIF in Chicago
Andrea Craft and Rachel Weber
8. TIF in California: Birth, Growth, Death, and Resurrection
Catherine Horiuchi and Jeffrey I. Chapman
9. The (D)Evolution of TIF Use: Redevelopment to Land Development in Nebraska
Craig S. Maher, Sungho Park and Ji Hyung Park
10. Using TIF for Brownfields Redevelopment
E. Evans Paull
11. State Super TIF Programs: New Tools for Transformative Urban Redevelopment
E. Evans Paull
Part III. Economic, Social, and Fiscal Impact
12. The Theory and Economic Impact of Tax Increment Financing
Kenneth A. Kriz
13. Tax Increment Financing and Spatial Spillovers
Anita Yadavalli and Michael Delgado
14. The Conceptual Pliability of TIF and the Political Rhetoric of Environmental Remediation: Groundwater Pollution and Tax "Decrement" Financing in Wichita
Chase M. Billingham and Sean Sandefur
15. TIF and Education Funding: Issues and Impact
Phuong Nguyen-Hoang
16. TIF Legislation in Indiana: Agile and Adaptive
Perry Burnett, Mohammed Khayum, Sudesh Mujumdar, and Daniel Friesner
17. Conlusion
Craig L. Johnson and Kenneth A. Kriz
Contributors
Author Index
Subject Index