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Tax Increment Financing
ED525 - Tax Increment Financing. For over two decades, we have been confronted with the continuing attrition of resources for local housing and economic redevelopment and community renewal. Without resources, how can we build a healthy economy, but without a healthy economy, how do we generate resources? Many states and localities have found one answer to this conundrum by banking on their future - identifying future revenue streams that would be generated by development and turning to financial markets to monetize those streams. This two-day course explores the different kinds of revenue streams that might be associated with specific future development activities and projects and ways in which they can be used to raise capital in the present. They include Tax Increment Financing from real estate, sales, hotel and convention or other targeted taxes. Identifying these sources and turn them into funds to assist redevelopment efforts is the focus of this session.
Prerequisite: None
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