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Simple English definitions for legal terms

tax-increment financing

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A quick definition of tax-increment financing:

Tax-Increment Financing: A way for a city to pay for new buildings or businesses by borrowing money and then using the extra taxes that the new buildings or businesses generate to pay back the loan.

A more thorough explanation:

Tax-increment financing (TIF) is a method used by local governments to fund commercial developments. It involves issuing bonds to cover the initial costs of acquiring land and other expenses. The additional property taxes generated by the new development are then used to pay off the debt.

For example, a city might use TIF to finance the construction of a new shopping center. The city would issue bonds to cover the cost of buying the land and building the center. As the shopping center generates more property taxes, those taxes would be used to pay off the bonds.

Another example of TIF is a city using it to fund the redevelopment of a blighted area. The city would issue bonds to cover the cost of acquiring and demolishing the existing buildings. As new developments are built in the area, the additional property taxes generated would be used to pay off the bonds.

TIF can be a controversial method of financing, as some argue that it diverts tax revenue away from other public services. However, proponents argue that it can be an effective way to stimulate economic growth and revitalize struggling areas.

tax incentive | taxing district

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I mean, you got to be a bit of a sadist to be in adcoms lol
JumpySubsequentDolphin
11:09
does WUSTL send emails or call?
JumpySubsequentDolphin
11:09
or both?
11:10
I got a call first
JumpySubsequentDolphin
11:10
I interviewed like two weeks ago, not sure how quick they get back to peeps post interview
JumpySubsequentDolphin
11:10
but my interview was a disaster so not holding onto hope
Late to the party but my name is Paul Leachman in Delray Beach, FL (WashU pls respond)
11:11
Why is it taking so long for WashU to get back to me. Ppl are getting acceptances in a month or less
letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
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