Wichita finds it difficult to enforce clawback provisions in its economic development agreements.
Posts tagged as “TIF districts”
Wichita and Sedgwick County are considering revising the economic development policies.
Sedgwick County will hear from the public on an issue, despite the desires of commissioners Tim Norton, Jim Skelton, and Dave Unruh to avoid public debate.
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.
The Wichita City Council should reject the formation of a new tax increment financing district 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.
It is now confirmed: In Wichita, tax increment financing (TIF) leads to taxpayer-funded waste that benefits those with political connections at city hall.
There are many reasons why the Sedgwick County Commission should reject the establishment of a tax increment financing, or TIF, district, in Wichita.
There is clear and consistent evidence that municipalities that adopt tax increment financing, or TIF, grow more slowly after adoption than those that do not.
When looking at the entire picture, the effect on employment of tax increment financing, or TIF districts, used for retail development is negative.
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.
Today: Wichita petitions; Petitions being contested; Smart Taxpayers Exposing Waste; Planning grant to be topic of meeting; Kansas history writer to speak; Wichita City Council.
Wichita should reject tax increment financing for the good of the entire city.
Far from being a boost to communities, tax increment financing (TIF) is harmful.
Today: FHA risk; Boeing in Wichita; Wichita City Council; Harm of public-sector unions; Rep. Hedke, author of new book, to speak; Myth of spending cuts.
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 (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.
Today: Occupy Wall Street; Johnson Controls; Save-A-Lot store opens; Teacher pay; Ranzau, Skelton to speak; Making economics come alive; Economics in two minutes.
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.
Today: Wichita City Council; Crony capitalism; Kansas pensions; Global economics to be discussed in Wichita; Progress, or not; Business and politics.