TIF - What is It?

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Tax Increment Financing, or TIF, is a tax break that a city can give to developers to help communities restore their most run-down areas or jumpstart economically sluggish parts of town. KCPS and the KC Library both receive local money from property taxes, and when the KC City Council agrees to a TIF, they're taking money away from our schools and libraries - millions and millions of dollars. KCFT & SRP is not against all TIFs and tax abatements. When they are used in areas of the city that are truly blighted or as a jobs creation tool, they can be beneficial. Unfortunately, our city council has been overly generous in offering these tax incentives to areas like Crown Center, the Plaza and other areas that are not blighted.