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Description:
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Analysis: University of Illinois Springfield Distinguished Public Finance Professor Kenneth Kriz co-edited a book that documents the evolution of tax increment financing, an economic and community development method widely used across the country, including in Illinois, which has more than 1,400 TIF districts in over 500 municipalities. Tax Increment Financing and Economic Development: Uses, Structures, and Impacts was recently published by SUNY Press. Local governments engaged in economic and community development frequently turn to a financing technique called tax increment financing (known by the abbreviation TIF). Former Chicago mayor Richard M. Daley once described it as "the only game in town" for economic development financing. |