The impact of tax increment financing programs on local economic development

Abstract

The Tax Increment Financing (TIF) method has achieved widespread popularity as a funding source to finance local infrastructure investments and improvements. However, little research has been conducted to evaluate the effectiveness of such programs. This study undertakes a regression analysis to examine the effects of the municipal adoption of TIF programs on local economic development. The empirical results suggest that the adoption of TIF programs has a significant positive effect on local employment.

Citation

Man, J.Y. (1999), "The impact of tax increment financing programs on local economic development", Journal of Public Budgeting, Accounting & Financial Management, Vol. 11 No. 3, pp. 417-430. https://doi.org/10.1108/JPBAFM-11-03-1999-B005