Legal questions challenge use of tax increment financing | Long ...

by John Callegari
Published: June 1, 2012
Tags: Andrew Cuomo, bonds, constitutional revision, Finance, financing, General Municipal Law, infrastructure projects, Law, Legal questions, New York State Economic Development Center, Tax, tax increment, tax increment financing, Tax revenue, taxes, TIF bonds, Winston & Strawn

Financial experts are at odds over changes to a state tax program that would give municipalities greater flexibility in how they finance big infrastructure projects like sewers and bridges. The debate centers on whether expanding the program ? known as tax increment financing ? requires a constitutional revision, which could take years. With tax increment financing, local ...

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