Media Articles
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This page is dedicated to miscellaneous articles pertaining to Tax Increment Financing
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Please send us any articles you find educational or informative for NC citizens or local government officials
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N.C.: N.C. Turnpike Authority looks at possible toll sites, by The Kinston Free Press, Mr. Barry Smith. The N.C. Turnpike Authority board on Wednesday approved the Garden Parkway as one of four possible toll roads for further study. Tax increment financing "perhaps could" fit in, Spencer said of the Garden Parkway project. He said that if the highway is built, a portion of the incremental taxes surrounding the property could help pay for building the road. Our Comments: This can certainly be viewed is double-dipping on the local taxpayers by uisng their property tax base to pay for a State road, but also charging them to use the road.
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NC Center for Business and Industry (NCCBI) News: Amendment One to Spur Job Growth, "Officials said Amendment One bonds most often will be used to redevelop abandoned factories and plants into small business centers, build new manufacturing plants and affordable housing, spur community revitalization, build business incubators and commercial development and clean up environmentally damaged areas".
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"Eminent domain debate heard" Washington Times article on the Supreme Court hearing of Kelo vs. New London. National League of Cities play prominent role in defense of eminent domain use for economic development. NC League of Municipalities Director S. Ellis Hankins participates.
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National League of Cites News: NLC to Intervene on Behalf of City in Eminent Domain Case. Go to our Protection section of this site for more information pertaining to eminent domain.
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Growth Management Seminar announced for February, which includes TIF use
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Amendment 1: A new tool; by Charlotte Observer, Richard Rubin, Local governments read directions, try to get a handle on tax increment financing. "The first two or three are really going to get a lot of scrutiny, because it's a brand-new tool. And everybody's going to be cautious", said Charlotte attorney David Jones of the Kennedy Covington law firm.
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Governments wait for rules on new bonds, by Mark Binker, News and Record
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Charlotte includes TIF use as part of financing public art Click Here for story by Carolina Journal, Paul Chesser. "Despite their skepticism, city leaders of all political stripes are expected to support funding all of the projects through likely increases in car rental taxes, parking fees uptown, additional fees on tickets to the new facilities, and tax increment financing".