TITLE

D.C. Likely to Raise TIF Ceiling to $500M

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/11/2006, Vol. 357 Issue 34220, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that District of Columbia Council is expected to vote on a bill raising the city's tax increment financing cap to $500 million from $300 million, which will pave the way for a five-year project to use tax increment financings to help finance the improvement of four blighted city corridors and neighborhoods. This action was prompted by delays in the passage of the Budget Support Act, which is the authorizing law that accompanies the disctrict's appropriations legislation for fiscal 2007.
ACCESSION #
21580313

 

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