Way Too Early
The City of Des Moines plans to give 100% of the revenue from a TIF (Tax Increment Financing) district to property developers. The price tag for this development could reach $1 billion. Is that fair? ITR Foundation (ITRF) President Chris Ingstad is a student of TIF and has answers to some very basic questions: Is there any evidence to show that this will boost overall economic activity, and are these incentives really necessary? Will individual taxpayers benefit in any way?