The city of Cincinnati is committing to tax increment financing as a tool to invest in underserved, low-income neighborhoods.
"City Council approved 15 new special tax districts Wednesday that will shift some money from property taxes to struggling Cincinnati neighborhoods," reports Dan Horn.
"Proponents of the tax increment financing districts, known as TIFs, say they will help poor neighborhoods repair streets, build sidewalks and encourage private investment and development," adds Horn.
While TIFs can be controversial, the 15 new special taxing districts found nearly unanimous approval on the Cincinnati City Council.
Horn links to a paywalled article from 2015 to explain TIFs in more detail. Planetizen has also published similar explanations of TIFs in recent months, both in October and September of this year.
FULL STORY: Cincinnati City Council approves 15 new special tax districts for poor neighborhoods
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