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March 2012 Policy Study, Number 12-4

   

Tax Increment Financing: Magical Tool or Moral Hazard?

    Endnotes
   

 

[1] “Tax Increment Finance Best Practices Reference Guide,” Council of Development Finance Agencies and International Council of Shopping Centers, 2007, p. 1, <http://www.icsc.org/government/CDFA.pdf> accessed on January 31, 2012.
[2] Richard Briffault, “The Most Popular Tool: Tax Increment Financing and the Political Economy of Local Government,” University of Chicago Law Review, Issue 65 (2010) p. 77.
[3] “Tax Increment Finance Best Practices Reference Guide,” p. 1.
[4] Ibid., p. 2.
[5] Jeff Robinson, “Tax Increment Financing,” presentation to the Iowa Senate Ways and Means Committee, January 18, 2011, p. 3, <https://www.pdiowa.com/upload/1a984tifpresentationrobinson_01182011.pdf> accessed on February 22, 2012.
[6] Joan M. Youngman, “TIF at a Turning Point: Defining Debt Down,” State Tax Notes, Tax Analysts, May 2, 2011, p. 321.
[7] Katy Grimes, “Big-City Mayors Bulldoze Gov. Jerry Brown’s Redevelopment Plan,” The San Francisco Examiner, January 26, 2011.
[8] Youngman, p. 322.
[9] “Moral hazard” definition, The Financial Dictionary, <http://financial-dictionary.thefreedictionary.com/Moral+Hazard> accessed on February 25, 2012.
[10] Jonathan Miltimore, “Tax Increment Financing: Getting It Right,” Public Interest Institute, July 2008, <http://limitedgovernment.org/publications/pubs/studies/ps-08-6.pdf> accessed on January 5, 2012.
[11] David Swenson and Liesl Eathington, “Do Tax Increment Finance Districts in Iowa Spur Regional Economic and Demographic Growth?” Iowa State University, June 2002, p. 3, <http://americandreamcoalition.org/landuse/TIFsinIowa.pdf> accessed on January 10, 2012.
[12] Youngman, p. 326.
[13] Daniel McGraw, “Tax Increment Financing: A Bad Bargain for Taxpayers,” Reason Magazine, January 2006, <http://reclaimdemocracy.org/articles/2006/tax_increment_financing.php> accessed on February 23, 2012.
[14] Ibid.
[15] Youngman, p. 326.
[16] Miltimore, p. 5.
[17] Ibid., p. 6.
[18] Ibid., pp. 3-7.
[19] Swenson and Eathington, p. 11.
[20] Iowa Code, Sections 384.16 and 331.434.
[21] Robinson, p. 4.
[22] Ibid., p. 5.
[23] Rod Boshart, “Tax increment financing getting legislative scrutiny,” The Cedar Rapids Gazette, January 17, 2012, <http://thegazette.com/2012/01/17/tax-increment-financing-getting-legislative-scrutiny/> accessed on February 21, 2012.
[24] “State and Local Tax Revenue FY 2001 to FY 2010,” Issue Review, Fiscal Services Division, Legislative Services Agency, December 9, 2010, p. 4, <https://www.legis.iowa.gov/DOCS/LSA/IssReview/2011/IRJWR000.PDF> accessed February 21, 2012.
[25] Ibid.
[26] Ibid, p. 7.
[27] Robinson, p. 5.
[28] Ibid., p. 6.
[29] Ibid., p. 7.
[30] Ibid., p. 12.
[31] Ibid., p. 13
[32] “Johnson County Examples Illustrate Problems with TIF,” November 21, 2011, <http://www.iowafiscal.org/2011research/111121-IFP-TIF-release.html> accessed on January 5, 2012.
[33] Gregg Hennigan, “Researcher: Von Maur’s Coralville deal worth $16 million,” The Cedar Rapids Gazette, October 5, 2011, <http://easterniowagovernment.com/2011/10/05/researcher-von-maurs-coralville-deal-worth-16-million/> accessed on January 12, 2012.
[34] Emily Schettler, “Von Maur confirmed for Iowa River Landing,” The Iowa City Press-Citizen, September 19, 2011, p. 1.
[35] Dave DeWitte, “Von Maur exits Sycamore next year,” The Cedar Rapids Gazette, February 28, 2012, <http://thegazette.com/2012/02/28/von-maur-exits-sycamore-next-year/> accessed March 1, 2012.
[36] George C. Ford, “Future of Sycamore Von Maur unknown,” Business 380, September 20, 2011 <http://business380.com/2011/09/20/future-of-sycamore-von-maur-unknown/> accessed on January 12, 2011.
[37] Peter S. Fisher, “Tax Increment Financing: A Case Study of Johnson County,” Iowa Fiscal Partnership, November 11, 2011, p. 1, <http://www.iowapolicyproject.org/2011docs/111121-TIF-JC.pdf> accessed January 10, 2012.
[38] Ibid.
[39] “FY2012 TIF Impact,” Iowa Association of School Boards, October 19, 2011, <http://www.ia-sb.org/Finance.aspx?id=4980> accessed on January 12, 2012.
[40] Fisher, p. 1.
[41] Ibid.
[42] Ibid, p. 2.
[43] “Johnson County Examples Illustrate Problems with TIF.”
[44] “Tax Increment Financing (TIF) likely to face legislative scrutiny,” Bettendorf.com, January 5, 2012, <http://www.bettendorf.com/node/1283> accessed on February 28, 2012.
[45] Ibid.
[46] Robert E. Josten, “Tax Increment Financing – Potential Changes to Iowa Law in 2012,” Dorsey & Whitney, LLP, January 2012, p. 1.
[47] Fisher, p. 10.
[48] Josten, p. 2.
[49] McGraw.

   

 

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