‘Dear Prudence’: An overview of Tax Increment Financing

Graham Squires

Journal of Urban Regeneration and Renewal, 2012, vol. 5, issue 4, 356-366

Abstract: This paper looks at the use of Tax Increment Financing (TIF) as a tool for levering regeneration and renewal within a wider policy framework. The paper introduces TIF in an era of low economic growth, while finance is both straitened and increasingly provided with an emphasis on the ‘local’. The study then gives an overview of key US literature on TIF for regeneration and renewal. Using interviewees working with TIF in the USA and UK, insight is gained for the introduction of TIF into the UK. Key TIF policy considerations and explanation are put forward, given an introduction of TIF into the UK. In addition, there is a question ‘check-list’ of concerns if a TIF project is proposed. It is argued that TIF should in the first instance be reserved for regeneration and renewal, and that if TIF is selected, it can be a powerful tool as long as a prudential approach is taken.

Keywords: Tax Increment Financing; Investment and Finance; Urban Planning; Property Development (search for similar items in EconPapers)
JEL-codes: R00 Z33 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/1832/download/ (application/pdf)
https://hstalks.com/article/1832/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jurr00:y:2012:v:5:i:4:p:356-366

Access Statistics for this article

More articles in Journal of Urban Regeneration and Renewal from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().