What is tax increment?

Some articles on tax increment:

Tax Increment Financing - Criticism
... Although tax increment financing is one mechanism for local governments that does not directly rely on federal funds, some question whether TIF ... Capturing the full tax increment and directing it to repay the development bonds ignores the fact that the incremental increase in property value likely requires an increase in the provision of public ... For example, the use of tax increment financing to create a large residential development means that public services from schools to public safety will need to be ...
California Proposition 13 (1978) - Analysis - Relationship To Redevelopment Law
... Changes to Proposition 13 may result in an unintended windfall in tax increment revenue for local redevelopment agencies which are restricted severely by state law on how they may use ... is based on the controversial Tax increment financing mechanism. 12.24% of assessed property value, or $24.5 billion worth, is subject to redevelopment tax increment, and in Fiscal Year 2007–08, $232 million of property ...

Famous quotes containing the word tax:

    In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
    Alexis de Tocqueville (1805–1859)