Missouri Coalitions Works to End Big Box Subsidies

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