Date of Award
7-2013
Document Type
Capstone
Degree Name
Master of Public Policy and Management (PPM)
Department
Public Policy and Management
Keywords
tax increment financing, TIFs, economic development, Muskie School of Public Service
Abstract
Tax Increment Financing (TIF) is an economic development tool authorized for use in 49 states and the District of Columbia. TIFs are a very popular economic development tool that allow for a low-cost way to fund development projects. A TIF is designed to turn an undesirable or underdeveloped area into a developed, revenue generating area. The restrictions as to the exact types of property that quality for TIF vary from state to state, but they generally are used to target underdeveloped areas to encourage growth. Maine places several limitations on TIFs including acreage caps, a value cap, a municipal indebtedness ceiling, and term limits.
Recommended Citation
Price, Kevin, "Tax Increment Financing Trends in Southern Maine 2001-2011" (2013). Muskie School Capstones and Dissertations. 21.
https://digitalcommons.usm.maine.edu/muskie_capstones/21
Included in
Finance and Financial Management Commons, Public Affairs, Public Policy and Public Administration Commons, Taxation Commons
