Special Report on
Tax Increment Finance Authority
Tax Increment Finance Authority - Trends
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TIF is a redevelopment financing method that allows the additional (incremental) taxes from a new development to pay off publicly issued debt associated with the development’s construction. In Pennsylvania, local governments were permitted to use TIF with the passage of Act 113 in 1990. Many of the major developments in the last fifteen years in the City of Pittsburgh and Allegheny County have been built with the aid of a TIF package. What We Know: Tax Increment Finance, or TIF, may encapsulate the old adage of “good intentions that have gone awry”. The process is rather straightforward: a development is planned in an area ...
DEARBORN HEIGHTS MI – Residents in and around Dearborn Heights who are longing for the good old days of the drive-in, car hops, good food and great milkshakes have a new home. On Tuesday, June 15, 2010, Dearborn Heights Mayor Dan Paletko joined city officials, local business owners and members of the city’s Tax Increment finance Authority (TIFA) for the grand opening of the Heights Drive-In. The long-ago home of another drive-in, the building was recently leased by the husband-wife team of Ben and Nicole Walling who, through major interior and exterior renovations, are bringing the ... Read More