Kansas TIF Districts Confront Accounting & Crime Problem

A worthwhile glimpse at local government investment and the cruel reality:

There's not much of a future in funding yet another strip mall in the suburbs.

Here's the damage:

"State auditors surveyed six TIF districts from Kansas’ largest cities and found that half did not recover their costs in a timely manner. Most experienced construction delays and recorded increased crime rates after development finished. At least one city calculated its TIF collection incorrectly."

Read more via www.TonysKansasCity.com link . . .

Audit of Kansas TIF districts reveals delays in returns, increased crime rates * Kansas Reflector

Some of Kansas' largest cities are struggling to gain full returns on tax increment financing districts meant to help bolster development activity and property values, a recent state audit found.