What is Tax Increment Financing? with Randal O’Toole from CATO Institute

Tax-increment financing (TIF) is an increasingly popular way for cities to promote economic development. TIF works by allowing cities to use the property, sales, and other taxes collected from new developments — taxes that would otherwise go to schools, libraries, fire departments, and other urban services — to subsidize those same developments.

What is Tax Increment Financing with Randal O’Toole of CATO
12 October 2011