Critical Public Finance

Insights blog

What is Tax Increment Financing (TIF)?

Tax increment financing (TIF) is a popular but controversial financial tool used by local governments to fund economic development.

Resource Library

The Cost of NYC's Hudson Yards Redevelopment Project

Rather than being "self-financing," New York's Hudson Yards project cost the city $2.2 billion in costs, largely due to tax breaks provided by the city to incentivize development and standard development risks and costs.