12 Jul 2018

Maine Community Moves Internet Project Forward with Incremental Financing

by | Date: 12 Jul 2018 | posted in: MuniNetworks | 0 Facebooktwitterredditmail

The City of Sanford, Maine, is putting the final pieces of funding in place to move forward with its ambitious 45-mile fiber optic build, SandfordNet, the largest fiber infrastructure build proposed in Maine to date. Along with two other funding sources, the project will be financed by an existing Tax Increment Financing (TIF) district in downtown Sanford. According to the Journal Tribune, the project will cost $2.02 million in total to complete; that figure is higher than initially projected, due in part to fees to access utility poles.… Read More
1 Apr 2003

Missouri Coalitions Works to End Big Box Subsidies

by | Date: 1 Apr 2003 | posted in: Retail | 0 Facebooktwitterredditmail

In Missouri, a coalition of independent businesses and union members are backing a bill that would reform the state’s tax increment financing (TIF) law and put an end to subsidies for suburban big box stores, shopping malls, and other sprawling developments. TIF allows a municipality to issue bonds to pay for part of the costs of a new development. Future tax revenue from the development is then diverted from the public coffers to pay off the bonds.… Read More