Analysis: Tax Increment Financing In Wisconsin
Savvy local governments learned that TIF allows them to essentially double tax the community for development inside the TID.
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Tax Incremental Finance District
Chippewa Falls Hit With TID Tax
The new development might not be paying city taxes, but it still requires city services. The city’s residents, therefore, face either higher taxes or diminished services. The choice for Chippewa Falls, as with nearly every city that uses TIF, is easy. Raise taxes.
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Evers Can Advance Liberty Agenda with Bipartisan Effort
We may be naive but we think Evers can work with Republican majorities to advance the liberty movement in Wisconsin
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Alliant Bursts Beaver Dam TIF’s “But-For” Bubble
For one of the requirements, the local government must prove that no new businesses would appear unless it creates the TIF district. This is called the “but-for” provision.
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Hop Expansion Fails to Win Federal Grant
According to the city’s website promoting the streetcar, the $40 million would have paid for “.75 route miles, 1.17 track miles, 3 stops and one additional streetcar vehicle.”
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Has Somers Gone TIF Crazy?
Twenty-five percent of the village of Somers’ land area is now in TIF districts. This is unheard of.
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Smoke & Mirrors: the Streetcar, Couture, and TIFs
Are TIFs – tax increment districts – necessary tools for economic development in blighted areas – or just “smoke and mirrors” designed to spend taxpayer money on projects that do not need it?
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Tax incremental financing: Valuable tool or crony capitalism?
As the rules governing TIFs relaxed, the funding mechanism has become overused, if not downright abused, critics say.
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Wauwatosa’s Subsidy for Mayfair Hotel May Be Unconstitutional
The city proposes spending $19.6 million within the TID, with $13.8 million being paid directly to the Mayfair Hotel developer and the rest consisting of infrastructure improvements and a pedestrian/bike path.
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