Sunday, February 17, 2008

Time to STOP TIF tax giveaways in Knoxville

TIF tax breaks are nothing more than legal bribes given out by stupid, arrogant politicians.

This article says "more and more developers are asking for them"....well DUH!! Who wouldn't ask for free money.

Link

Tax increment financing, to some a tax break, has been used for redeveloping blighted areas in downtown Knoxville into condos, for road improvements around a South Knoxville Lowe's and may be used for road improvements in Halls around a new Home Depot and Super Wal-Mart.

The use of tax increment financing, or TIFs, has become an issue for the Knox County Commission, with more and more developers asking for them.