P.O. Box 1222, Madison, WI 53701 | www.prodane.org | office@prodane.org | (608) 257-4985
What is TIF? Tax Incremental Financing is a financing tool that allows the city to use tax dollars to finance public infrastructure improvements by subsidizing private development in a specific area in anticipation of more property tax revenue later. That revenue is then used to pay back the investment by taxpayers. It was originally intended to jumpstart development in blighted urban areas and was to be used only if a development would otherwise not be possible.
Madison will provide millions of dollars in subsidies to developers in the coming year. You should have input in how that money is spent. It should benefit the community, not just the developer. The city should set short and long term goals for that money. And it should all be accountable to you, the taxpayer!
TIF reform is being debated by the City Council, right now. Make sure your voice is heard.
Click on this useful document to find out more about the issue and ways you can make the system better and get your voice heard! Also please read these blog entries to learn more about TIF: PD offers TIF reform package, Cap Times commends PD TIF reform proposal.
Posted by prodane at July 14, 2005 09:54 PM
We, the members of Progressive Dane, join together to form an independent political party in Dane County with a major focus on local issues. We pledge to work to improve the quality of life in Dane County for all people, particularly those marginalized by economic and social discrimination. We will work to improve our local government by making it open, easier to understand, and accessible for all citizens of Dane County. We are working to achieve positive policy change by electing accountable progressive officials and mobilizing citizen action.
Progressive Dane's "In The News" blog keeps you up to date on the latest news from (and about) PD. Check here for information on PD's policy initiatives and to read about what our endorsed elected officials are up to.
