"Tax Increment Debt Financing: An Analysis of the Mainstreaming of a Fringe Sector".

• Author: Metzgar, Judd
• Position: Abstract - Brief Article

Johnson

Craig L.

Public Budgeting and Finance, Spring 1999, PP. 47-67.

In recent years, the use of tax increment financing (TIFs) to fund infrastructure projects has increased substantially. Since 1945 when TIFs were first created in California, the use of this innovative financing alternative has spread to 48 states. This article examines the widespread use of TIFs across the county as a common means of raising capital for a multitude of purposes. It assesses the unique project-specific features of TIFs that bond issuers must understand in order to enhance credit quality and minimize financing cost. The article argues that the major structural...