3 ms·
Does this mean that the use of TIF/TAD funding should be expanded? With TIF, bonds for infrastructure needed to support new housing are paid off by property tax
by Mountain_Skies 7y ago
Does this mean that the use of TIF/TAD funding should be expanded? With TIF, bonds for infrastructure needed to support new housing are paid off by property taxes on the new housing. While this should keep the rest of the community from shouldering the burden of new infrastructure, opposition often comes from activists who claim it's another way for the rich to exclude themselves from the rest of the community by keeping their taxes to themselves. Typically the bonds last 30 years, after which the taxes that went to pay them off are directed back to the community's general fund.