Monday, June 19, 2006

Another Reason Tax Increment Financing Should Be Stopped

Apparently, Tax Increment Financing has become such a shell-game of funds and spending that even the philosopher-kings who are on the other side of the table can't keep track of where they've put the foam wad.

Just read this article about the experience of Poland, Maine. They've apparently mismanaged their TIF district into a $2 million negative balance. (My apologies if the link changes to something else on subsequent days. It doesn't look like a permalink. Get a clue, Advertiser Democrat!)