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Redevelopment in California: The Demise of TIF-Funded Redevelopment in California and Its Aftermath

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  • George Lefcoe
  • Charles W. Swenson

Abstract

California was the frst state to embrace the use of tax increment fnancing (TIF) for redevelopment and the frst state to abandon it. Both the rise and fall of redevelopment are attributable to the fact that cities and counties sponsoring redevelopment could pledge not just their own share of the property tax increments from redevelopment project areas, but also those of the other taxing entities including schools and special districts. At a time of a projected state defcit of $25 billion, Governor Brown seized the political moment to put an end to redevelopment and the $5 billion a year in property tax revenues he felt would be put to better use for education and other public needs. This paper describes the unique setting and subsequent events leading to the end of TIF in California and its aftermath.

Suggested Citation

  • George Lefcoe & Charles W. Swenson, 2014. "Redevelopment in California: The Demise of TIF-Funded Redevelopment in California and Its Aftermath," National Tax Journal, National Tax Association;National Tax Journal, vol. 67(3), pages 719-744, September.
    • Handle: RePEc:ntj:journl:v:67:y:2014:i:3:p:719-744
    DOI: 10.17310/ntj.2014.3.09
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    Cited by:

    1. Robert T. Greenbaum & Jim Landers, 2014. "The Tiff Over TIF: A Review of the Literature Examining the Effectiveness of the Tax Increment Financing," National Tax Journal, National Tax Association;National Tax Journal, vol. 67(3), pages 655-674, September.
    2. Martin J. Luby & Tima Moldogaziev, 2014. "Tax Increment Debt Finance and the Great Recession," National Tax Journal, National Tax Association;National Tax Journal, vol. 67(3), pages 675-696, September.
    3. Andrew Hanson, 2021. "Taxes and Economic Development: An Update on the State of the Economics Literature," Economic Development Quarterly, , vol. 35(3), pages 232-253, August.

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