Tax,
Real Estate/Development,
Government,
Administrative/Regulatory
Oct. 10, 2014
Tax increment financing making a return to California
New state legislation expanding the use of property tax increment through infrastructure financing districts gives local governments a tool to invest in needed infrastructure and projects.
Tax increment financing is back in California. New state legislation expanding the use of property tax increment through infrastructure financing districts (IFDs) gives local governments a tool to invest in needed infrastructure and economic development projects, much as they formerly could through redevelopment agencies until their elimination in 2012. However, it's clear that the new IFDs won't fully replace redevelopment agencies and the billions of dollars of tax increment they once...
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