Tag: Tax increment financing
-
Wichita’s Jeff Longwell on TIF districts, tax abatements
Is a tax increment financing (TIF) district a tax abatement? Wichita city council member Jeff Longwell, now Wichita’s vice-mayor, doesn’t think so. During this week’s city council meeting, Longwell said this in explaining his support of a TIF district created for the benefit of Real Development: “One of the things that people I think need…
-
Tax increment financing is not free money
Cato Institute Senior Fellow Randal O’Toole has written extensively on the subject of urban planning, development, and tax increment financing (TIF) districts. The following article contains many points that the Wichita City Council may wish to consider as it considers expansion of a downtown Wichita TIF district at tomorrow’s council meeting.
-
Wichita proposed tax increment financing district subject of news
Today’s Wichita Eagle carries two news stories regarding the proposed expansion of a downtown Wichita tax increment financing (TIF) district. The front-page story Condo vote key to downtown Wichita growth and the additional story Owners report mixed views of developers provided background on the vote the Wichita City Council may make at Tuesday’s 9:00 am…
-
Taxpayer-funded development in Wichita opposed
After the formal presentation I personally complemented the Minnesota Guys and thanked them for what they were doing downtown. They assured me that their redevelopment work in our downtown would be completed without government incentives, and I assured them that they would have my support as long as they stayed out of the public treasury.
-
Topeka tax increment financing project struggles
In Topeka, a residential and retail project funded with $5 million of tax increment financing (TIF) is in trouble.
-
Tax increment financing questions topic at Wichita city council meeting
On Tuesday the Wichita city council heard a request by Real Development for a $2.5 million increase in tax increment financing on a downtown project. Discussion during the meeting revealed how little is known about the numbers that the city uses in deciding whether to participate in the project. Numbers that don’t make sense, plus…
-
Wichita Exchange Place TIF should be rejected
Tomorrow’s meeting of the Wichita city council will feature a public hearing as to whether a tax increment financing district that benefits Real Development should be modified.
-
Wichita economic development incentives discussed
At today’s meeting of the Wichita city council, economic development incentives were a topic of discussion.
-
Wichita targeted economic development should end
Is the City of Wichita able to choose which companies are worthy of taxpayer assistance for the purposes of economic development?