In this episode of WichitaLiberty.TV: A look at some economic development incentive programs in Wichita and Kansas. Second in a series. Tax increment financing (TIF) is prominent in this episode. View below, or click here to view at YouTube. Episode 219, broadcast November 25, 2018.
Shownotes
- 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.
- Industrial revenue bonds in Kansas: Industrial Revenue Bonds are a mechanism that Kansas cities and counties use to allow companies to avoid paying property and sales taxes.
- From Pachyderm: Economic development incentives
- Personal income in Wichita rises, but slowly. For 2017, personal income in Wichita rose, but slower than the national rate.
- Growing the Wichita economy. Wichita leaders are proud of our region’s economic growth. Here are the numbers.
- Sedgwick County’s David Dennis on economic development. Following the Wichita Mayor, the Chair of the Sedgwick County Commission speaks on economic development.
- Personal income in Wichita rises, but slowly. For 2017, personal income in Wichita rose, but slower than the national rate.
- Wichita employment, September 2018. For the Wichita metropolitan area in September 2018, jobs are up, the labor force is up, and the unemployment rate is down, compared to the same month one year ago.
- Wichita economy shrinks, and a revision. The Wichita economy shrank in 2017, but revised statistics show growth in 2016.
