Tag: tax-increment-financing
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This is how Tax Increment Financing (or TIF) works
Tax Increment Financing (TIF) has been in the local news recently, so I’d like to take the time to explain how this governmental funding tool works and where it’s been used in Kingsport in the past. Tennessee, like all 50 states, uses TIF to assist eligible development projects. In simple terms, TIF is borrowing against…
Kingsport Spirit 