Tag: Tax increment financing
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How to turn $399,000 into $65,000 in downtown Wichita
Once embraced by Wichita officials as heroes, real estate listings for two floors of a downtown Wichita office building illustrate the carnage left behind by two developers
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WichitaLiberty.TV: Arts funding, property taxes, uninformed officials, tax increment financing, and social security
Is Wichita risking a Soviet-style future? A look at Wichita property taxes, uninformed and misinformed elected officials, tax increment financing, and social security.
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Downtown Wichita deal shows some of the problems with the Wichita economy
In this script from a recent episode of WichitaLiberty.TV: A look at the Wichita city council’s action regarding a downtown Wichita development project and how it is harmful to Wichita taxpayers and the economy.
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WichitaLiberty.TV: A downtown Wichita deal shows some of the problems with the Wichita economy
In this episode of WichitaLiberty.TV: We’ll examine the city council’s action regarding a downtown Wichita development project and how it is harmful to Wichita taxpayers and the economy.
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Exchange Place incentives, including free sales tax and an ethics bypass
A downtown Wichita project receives free sales taxes and a bypass of Wichita’s code of conduct for city council members.
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How TIF routes taxpayer-funded benefits to Wichita’s political players
In Wichita, tax increment financing (TIF) leads to taxpayer-funded waste that benefits those with political connections at city hall.
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Community improvement districts in Kansas
In Kansas Community Improvement Districts, merchants charge additional sales tax for the benefit of the property owners, instead of the general public.
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Wichita city hall falls short in taxpayer protection
An incentives agreement the Wichita city council passed on first reading is missing several items that city policy requires. How the council and city staff handle the second reading of this ordinance will let us know for whose interests city hall works: citizens, or cronies.
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Wichita drops taxpayer protection clause
To protect itself against self-defeating appeals of property valuation in tax increment financing districts, the City of Wichita once included a protective clause in developer agreements. But this consideration is not present in two proposed agreements.
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Tax increment financing (TIF) resources
Resources on tax increment financing (TIF) districts.
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Wichita TIF projects: some background
Tax increment financing disrupts the usual flow of tax dollars, routing funds away from cash-strapped cities, counties, and schools back to the TIF-financed development. TIF creates distortions in the way cities develop, and researchers find that the use of TIF means lower economic growth.
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Clawbacks illustrate difficulty of economic development
Politicians and government officials like clawbacks in economic development incentive agreements. But do these provisions have any negative aspects?