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Posts tagged as “TIF districts”

In Wichita, a gentle clawback

Wichita finds it difficult to enforce clawback provisions in its economic development agreements.

Thinking beyond stage one in economic development for Wichita

It’s hard to think beyond stage one. It requires considering not only the seen, but also the unseen, as Frederic Bastiat taught us in his famous parable of the broken window. But over and over we see how politicians at all levels of government stop thinking at stage one. This is one of the many reasons why we need to return as much decision-making as possible to the private sector, and drastically limit the powers of politicians and governments.

No-bid contracts a problem in Wichita

Wichita Eagle reporting uncovers a problem with no-bid contracts for construction projects in Wichita. This revelation illustrates these things: a Wichita City Council almost totally captured by special interests, crony capitalism on steroids, and another example of why Wichita and Kansas need pay-to-play laws.

Kansas and Wichita quick takes: Friday December 30, 2011

Today: Year in review, Wichita Liberty-style; Patriots New Years Eve; Legislators to hear from citizens; California’s redevelopment nightmare to end; Growth will heal nation's economy; Assumptions about capitalism; Resources on Austrian economics; Cato University.

TIF and other subsidies harm Wichita

Everyone who cares about Wichita — the entire city, not just special interests — ought to be opposed to the continued use of tax increment financing (TIF) districts and other forms of subsidy that direct benefits to a small group at the expense of everyone else.

Tax increment financing: The right tool for Wichita jobs?

Tax Increment Financing (TIF) is an economic development tool that uses the expected growth (or increment) in property tax revenues from a designated geographic area of a municipality to finance bonds used to pay for goods and services calculated to spur growth in the TIF district. The analysis performed for this study found TIF does not tend to produce a net increase in economic activity; favors large businesses over small businesses; often excludes local businesses and residents from the planning process; and operates in a manner that contradicts conventional notions of justice and fairness.

Giving away the store to get a store

Wichita will again chase the dream of "something for nothing" when it considers establishing a tax increment financing, or TIF, district at its December 6th meeting. The following article explains why this is a bad idea.

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