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Name: Questions About Tax Increment Financing in North Carolina, by Joseph Blocher and Jonathan Q. Morgan, August 2008. |
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.
Link to free, online version in PDF format.
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