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3 results for "Tax increment financing"
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Record #:
28705
Abstract:
This bulletin explains the purposes of project development or tax increment financing, discusses various policy implications underlying its use, and describes how it became available to North Carolina local governments. It also outlines the statutorily prescribed steps for using project development financing, incorporating the 2007 amendments, and provides an example of how it might work in practice.
Source:
Local Finance Bulletin (NoCar KFN 7888 .L62), Vol. Issue 36, Nov 2007, p1-15, il, f
Full Text:
Record #:
28704
Abstract:
Local governments in North Carolina Project use project development financing or tax increment financing in their efforts to improve blighted, deteriorated, or economically depressed areas and promote economic and community development. This bulletin explains the purposes of project development and discusses various policy implications underlying its use.
Source:
Local Finance Bulletin (NoCar KFN 7888 .L62), Vol. Issue 35, Oct 2006, p1-14, il, f
Record #:
19898
Abstract:
Tax increment financing (TIF) is a mechanism by which local governments issue bonds, without a voter referendum, to make public improvements that are necessary to spur private investment in a designated area. TIF relies on the incremental tax revenues that result from increases in assessed property values. TIF bonds are considered to be self-financing because, if successful, the public improvements they finance will stimulate new private investment and generate tax revenues that are used to pay off the bond debt. This bulletin provides straightforward answers to some of the most frequently asked questions about TIF and aims to assist public officials in their initial considerations of TIF and when it might be appropriate.
Source: