An Updated Look at Tax-Increment Financing
Tax-increment financing (TIF) is a widely used economic development incentive in which property tax revenues are redistributed back to developers. Millions of tax dollars are diverted away from the state, cities, and other taxing districts each year. This report takes an updated look at the use of TIF in Missouri, with data from the 2020 Annual TIF Report produced by the Missouri Department of Revenue. Ultimately, TIF has many procedural problems and little proof of success. With millions of dollars on the line, it’s time for Missouri and its cities to rethink the use of TIF.
Click here to view the report.