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TIF Report: Part 1 - 'Increments' in Maine Tax Increment Financing Deals Add Up
02/24/2014   Reported By: Irwin Gratz

"Tax Increment Financing" - or a TIF - is a property tax break Maine cities and towns use to encourage development. The Maine Center for Public Interest Reporting says those "increments" add up to nearly $3 billion in diverted property tax revenue statewide. MPBN Morning Edition host Irwin Gratz talked with Naomi Schalit, senior reporter for the center's "Pine Tree Watchdog" Web site.

Related Media
Report: 'Increments' in Maine Tax Increment Financ Listen
 Duration:
3:12

Naomi Schalit of the Maine Center for Public Interest Reporting speaks with MPBN Morning Edition host Irwin Gratz about the center's new report on Tax Increment financing.

In Part 2 of the interview, coming up, Schalit talks about why cities and towns in Maine who use TIFs get an advantage over those who don't - and why it's hard to keep track of the total tax dollars diverted by TIFs.

View the Maine Center for Public Interest Reporting's report on Tax Increment Financing.
 


 

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