Colorado tourism-incentive limits advance, despite concerns of funding board
“A bill to limit funding going to the final round of Colorado projects under a state program to promote regional tourism received overwhelming support from a legislative committee Thursday. But that was after a dust-up…
City should have turned to TIFs instead of property tax hikes: study
“What the City of Chicago spent in each of the last several years on tax-increment financing funding exceeded what it owed in pension costs, so any proposal to raise property taxes to fund pensions should…
THE TROUBLE WITH TIF: Tax incentive plan can do more harm than good, researchers say
“TIF too often strays from its core purpose — to redevelop blighted areas and promote economic development — found the report’s authors, economist Peter Fisher, Ph.D. research director of the nonpartisan Iowa Policy Project; and…
Bloomfield opinion: Lion Gate
“Here in Bloomfield, the Township Council is considering the use of eminent domain for the Lion Gate property. The property is currently owned by a private developer and is being planned for 104 townhouses, which…
Grocer at center of Fire Island land-grab controversy
“The Fire Island resort of Saltaire wants to seize private property — using taxpayer money. World War II vet Frank Whitney is locked in a legal battle with officials who want to take his Saltaire…
Tax Increment Financing (TIF) Explained
“What is a TIF district? Is it a tax increase? TIF stands for Tax Increment Financing. A tax increment is the difference between the amount of property tax revenue generated before TIF district designation and…
Save Mount Manresa through eminent domain
“I have been following the greed of the Society of Jesus’ sale of Mount Manresa and their refusal to accept any comprise in the Staten Island Advance. They have enjoyed a tax exempt status for…
Does downtown Denver tax district take money from DPS?
“Denver City Councilman Paul Lopez at Monday’s council meeting made an impassioned speech against supporting the continuation of a series of downtown Denver tax districts that could raise and expected $65 million for downtown improvements….
Property purchase could be a problem
“Stroudsburg’s mayor says the county’s purchase of 701 Main St. through eminent domain will take a bite out of the borough and school district’s budgets. The borough stands to lose about $12,120 a year in…
City to Hotel Syracuse lender: ‘It’s not over’
“Twice frustrated in their efforts to seize the historic Hotel Syracuse for back taxes, Syracuse officials are considering a more aggressive move to take the property through eminent domain. Mayor Stephanie Miner said today that…