Three Recommended Reforms For Tax Increment Financing (TIF)
As Missouri’s General Assembly gets underway in 2014, they should move to reform Tax Increment Financing (TIF). David Stokes suggests three reforms that the legislature should enact this session:
- Prohibit elected city officials from overriding county TIF commissions
- Focus TIF subsidies on returning property to greenfield status
- Prohibit TIFs from being awarded in floodplains statewide
