I am happy to report that voters on Tuesday defeated a proposed property tax increase in the Liberty School District. I blogged about the proposal before the vote — it’s important because it highlights the perils of Tax Increment Financing (TIF). TIF allows property taxes which should go to schools to be redirected toward property development, thereby restricting school revenue. Liberty is not an isolated case; it’s happening all across the state.
Tuesday’s vote is a wake-up call: reform TIF.
