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English to Czech translations [PRO] Bus/Financial - Government / Politics / redevelopment | | English term or phrase: Tax Increment Financing Districts | | The City of Springfield has designated eight defined areas of the city as Tax Increment Financing Districts. The TIF districts were established in order to attract private developers to blighted areas that were in need of redevelopment. Tax Increment Financing works by using increased tax revenues of a redevelopment area to fund improvements and incentives for rehabilitation. TIF induces development where it would not otherwise take place, which in turn creates employment opportunities and generates additional local and state tax revenue. This additional tax revenue is used to pay for improvements and incentives in the TIF district. |
| Igor SeykoraKudoZ activityQuestions: 347 (none open) ( 14 without valid answers) ( 1 closed without grading) Answers: 76 Czech Republic
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 srubkova Czech Republic Local time: 23:51
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| Dec 20, 2009 - Changes made by srubkova: | | Created KOG entry | KudoZ term => KOG term |
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