Reforming Tax Increment Financing
Tax Increment Financing, or TIF, is facing reform in the legislature. The House Ways and Means committee approved a bill that would limit what cities and counties could use TIF to do. Supporters say TIF has become a way to reel in businesses at the tax payer’s expense. Opponents of the legislation says it undermines cities and counties ability to fix blighted and underdeveloped areas. Iowa Public Radio's Sandhya Dirks reports.