Report highlights impacts of TIF investments

A new report on the state’s tax incremental financing program finds more than $4 of new tax base is created for every $1 invested in a Wisconsin TIF district. 

The report was created by the Wisconsin Realtors Association and the state chapter of the Commercial Real Estate Development Association to highlight the program. The groups argue that “enhancing the flexibility” of the state’s TIF statute will make Wisconsin more competitive for talent and investment.  

“In order to attract development and jobs to Wisconsin, we must continue to provide the kind of investment opportunities that other states simply do not have,” said Tom Larson, WRA’s senior vice president of legal and public affairs. “This report shows that our state is in a unique position to be a haven for economic development if the proper tools are in place.”   ...more

Ken Notes: Again they are a great idea, but we still need to align the laws with how the TIFs are actually being developed. The most successful TIFs all have an economic engine to drive the rest of the development.