March 18, 2004
TIF tiff
An excellent primer on the fallacies of tax increment financing from St. Paul Pioneer Press columnist Edward Lotterman: "My wife and I have often talked about a small addition that would extend the back porch the full width of the house ... It would be nice if the government would give us the money to do this. The value of the house would increase and so would our taxes. The higher taxes would pay the government back eventually, so it wouldn't cost taxpayers anything. ... It seems like a great idea, but for some reason the government is not willing to step up to our plate. We threatened to move to Portland or Charlotte if we don't get help, but officials just laughed."
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