Is TIF an efficient Electronic Data Interchange (EDI) tool? This case study examines the application of TIF in Los Angeles County.
Local governments often use property tax as a tool to influence economic development and business location decisions. Farris & Horbas (2009) argue that offering economic development incentives (EDIs) is beneficial for local governments, with Tax Increment Financing (TIF) being a commonly used EDI. TIF aims to promote economic growth, provide affordable housing, reduce blight, and fund infrastructure projects. Its main goal is to stimulate growth and increase the property tax base in a way that benefits taxpayers and the city in the long term. TIF operates by using revenue growth within a specified district to cover infrastructure expenses and drive economic expansion, generating additional revenues. Essentially, TIF is self-financing as it relies on increased revenues from
...new growth without requiring tax hikes. Despite facing criticism from various angles according to Farris & Horbas (2009), TIF has become a popular public policy choice for local governments. Nevertheless, there is limited empirical evidence supporting its effectiveness in fostering economic growth. This thesis aims to investigate the impact of TIF and evaluate its efficacy in achieving the desired objective of economic growth by examining its influence on economic indicators such as growth rates, property values, and areas unaffected by TIF or with overlapping governance structures.In order to thoroughly understand the impact of using TIF as a policy tool for driving economic development, this study will examine both social and economic aspects. The research will primarily focus on analyzing how TIF is implemented in Los Angeles County, specifically within the city of Los Angeles. To accomplish this goal, the
study will address the following research questions:
- Money essays
- Financial Accounting essays
- Market Segmentation essays
- Supply And Demand essays
- Purchasing essays
- Forecasting essays
- Legacy essays
- Bank essays
- Corporate Finance essays
- Financial News essays
- Financial Ratios essays
- Financial Services essays
- Free Market essays
- Shareholder essays
- Personal finance essays
- Equity essays
- Financial Crisis essays
- Banking essays
- Credit Card essays
- Currency essays
- Debt essays
- Gold essays
- Loan essays
- Enron Scandal essays
- Foreign Exchange Market essays
- Investment essays
- Venture Capital essays
- Stock Market essays
- Retirement essays
- Donation essays
- Net Present Value essays
- Income Statement essays
- Commercial Bank essays
- Debit Card essays
- Deposit Account essays
- Subprime Lending essays
- Perfect Competition essays
- Underwriting essays
- Synergy essays
- Valuation essays
- Investing essays
- Asset essays
- Depreciation essays
- Discounted Cash Flow essays
- Foreign Direct Investment essays
- Funds essays
- Internal Rate Of Return essays
- Revenue essays
- Day Trading essays
- Futures Trading essays
