Tax Increment Financing for Transit Projects
Tax Increment Financing (TIF) is a public financing method
that some local governments and transportation agencies
may use to capture a portion of additional property
(or sales) tax revenues that result when public investments
cause property values (or total sales revenues) to increase.
TIF is an increasingly
important source of funds for transportation projects, and
it has the potential to be a key part of project financing.
The TRB Transit Cooperative Research Program's
TCRP Legal Research Digest 55:
Tax Increment Financing for Transit Projects
examines whether and under what circumstances
TIF might be used to fund transit operations and
maintenance, as well as the challenges that such arrangements
might face.
The digest includes case studies of Miami-Dade County, Chicago, Prince Georges County in Maryland, and more.
This Summary Last Modified On: 3/25/2021