WORKING PAPER | A report by SCEPA researcher Bridget Fisher and co-author Flávia Leite analyzes New York State’s proposal to redevelop Penn Station using a version of value capture financing.

ARTICLE | Value capture schemes sound simple in theory – future revenues pay debt issued to cover upfront costs. But in practice, these financing mechanisms are highly complex and, as a result, can have unintended consequences on municipal finances.

WORKING PAPER | TIF’s self-financing rhetoric can be used to shift risk onto taxpayers.

WORKING PAPER | While tax increment financing (TIF) is a common tool for municipalities to fund economic development, it is responsive to the legal, political, and economic environments of the locality in which it is implemented. 

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