Tax increment financing (TIF) is a public financing tool that uses increased property tax revenue within a designated area for redevelopment projects. TIF advocates believe it helps redevelop blighted areas that would not otherwise see private investment, and thereby increases total economic growth in the area. However, serious concerns exist regarding Texas’ use of TIF.
Local Government
How One Texas Neighborhood Seceded From The Democrat-Run City Hall Ruining Their Lives
The Lost Creek neighborhood in Austin, Texas, is charting a way for communities to band together and break up with abusive city governments. It’s not often that a low-key municipal election makes international news, but one recent contest in an affluent Austin suburb has people excited about its result — and its potential implications for...
May 31, 2024