Mini Quick Guides
Tax Increment Financing (TIF) Transparency
Attraction of new businesses, the retention or expansion of existing industries, and the necessity of creating and maintaining a quality place where people want to plant roots and thrive are just a few key challenges facing municipal officials. To support these efforts, the General Assembly has provided a variety of mechanisms to enable cities and towns to maintain and revitalize their communities. One of those tools is TIF. A common misconception of TIF is that it lacks transparency. This couldn’t be further from the truth. The Indiana General Assembly has instituted many reporting requirements, public meetings, neutralization measures, and termination dates that make TIF a remarkably transparent municipal finance and talent attraction option. This Aim Mini Quick Guide highlights these transparency measures.
From oaths and surety bonds to political dismissal and hiring, Aim’s series of Quick Guides are designed with the newly-elected official in mind. The guides offer a comprehensive look into municipal issues as city and town leaders begin new terms in 2020! We’ll roll out the guides throughout Newly Elected Officials Training, so check this page regularly. To access a Quick Guide, please click on the corresponding image below.