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Keeping up with the neighbors?

The original intent of Tax Increment Financing (TIF) legislation was to provide
assistance to redevelop blighted urban areas that could not be developed under
normal market conditions. But since the time that Wisconsin’s first TIF district was
approved in 1976, the number, scope, and reach of TIF has grown substantially. In
just the past four years, the property value in TIF districts has grown 50% to $9.6
billion – $3.7 billion of which is in the seven counties that make up southeastern
Wisconsin.

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