This model has been heavily criticized by Libertarian-Conservative groups and left wing progressive groups. The first TIF in Canada was used in 2007.
states excepting Arizona had authorized the use of TIF. The first TIF was used in California in 1952. TIF subsidies are not appropriated directly from a city's budget, but the city incurs loss through forgone tax revenue. Through the use of TIF, municipalities typically divert future property tax revenue increases from a defined area or district toward an economic development project or public improvement project in the community. Similar or related value capture strategies are used around the world. The original intent of a TIF program is to stimulate private investment in a blighted area that has been designated to be in need of economic revitalization. Tax increment financing ( TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States.
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