Tag: TIF district

Written by Diane Benjamin - editor

Downtown Loons

By:  Diane Benjamin TIF districts are like Greek to most citizens.  If you don’t understand them, government will continue to redistribute money and call it Economic Development. TIF’s made easy:  Government sets a Tax Increment Finance area.  All government bodies in the area have to agree to forgo tax increases due to increasing property values.  […]

Written by Diane Benjamin - editor

Atlanta: Where is $161,238?

By:  Diane Benjamin On 4/12/2016, the City of Atlanta took out a loan at the Atlanta National Bank for $495,000 to buy FIFTEEN ACRES – $33,000 an acre for undeveloped land with no water, sewer,  roads or infrastructure. See the loan document here – PDF page 15  HERE That link is what the City of Atlanta […]