Part one of a two-part series, "The TIF Game"
Get a TIF, and you, too, have to pay taxes on that new warehouse or factory – but the taxes don’t help pay for the schools, plowing and cops.
Instead, the property taxes paid by a company with a TIF might build a new road or sewer line to the business. Or the tax money sometimes is returned to the business to help its bottom line.
All this comes under a little-understood and highly-technical program called Tax Increment Financing (TIF) created by the state in 1977.
Read more here:
AND PART II:
An ongoing series that investigates Maine state government’s multi-million dollar business breaks — and whether they do what they’re intended to do.