Despite being used in dozens of development projects in Saint Louis, tax-increment financing (TIF) has failed to produce demonstratable economic benefits for the city. Not only is TIF routinely used in relatively prosperous areas in which development likely would occur without incentives, but there is little if any evidence that TIF has a net positive economic impact regardless of where it is applied.

This essay explains how TIF is intended to work, where in the Saint Louis area it has been applied, and the (underwhelming) results of its application. Click on the link below to read the entire piece.

 

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About the Author

Patrick Tuohey
Patrick Tuohey
Director of Municipal Policy

Patrick Tuohey is the Director of Municipal Policy at the Show-Me Institute.

Mike H..png
Michael Highsmith
Policy Researcher

Michael was a policy researcher at the Show-Me Institute. A native of Saint Louis, he earned a Bachelor of Science degree in business administration with emphasis in economics at Saint Louis University. Michael researched budget and tax policy with the Show-Me Institute.

Scott Tuttle
Intern

Scott Tuttle is a policy intern at the Show Me Institute.