cabarrus

RALEIGH – The Kannapolis City Council’s plan to borrow $168 million through tax increment financing exposes key problems with that type of funding scheme. That’s according to a new John…

Tax increment financing (TIF) hides the diversion of funds from government services that is inherent in borrowing. It still puts taxpayers at risk for repayment and is more expensive than general obligation bonds or certificates of participation (COPs).