January 20, 2010
A city in Colorado has voted to repeal a TIF district. Wichitans ought to take notice. Randal O’Toole, the author of the post, notes the complexity of the TIF mechanism. This is in line with testimony I’ve delivered to the Wichita City Council, in which I characterized TIF districts as “a confusing arrangement that hides the reality and size of the subsidy given to TIF developers.” The benefit, I said, is that “this confusion serves a useful purpose to this council, because if the people of Wichita knew what was really happening, they’d be outraged.”
O’Toole will be visiting Wichita on Thursday and Friday February 4 and 5 for a series of events, including a public lecture on Thursday evening. Details will follow.
Tagged as:
Tax increment financing,
Taxation,
TIF districts,
Wichita city government
Read the full article →
October 13, 2009
Mr. Mayor, members of the council,
I’m here today to ask this council to put aside consideration of this proposal. My reasons are not particular to this proposal or planning firm, but rather I am concerned that we believe we have the ability to successfully plan at all.
Tagged as:
Downtown Wichita revitalization,
Eminent domain,
Freedom,
Subsidy,
TIF districts,
Wichita city council,
Wichita city government
Read the full article →