The TIF tiff | Arkansas Blog

Thursday, April 5, 2007

The TIF tiff

Posted By on Thu, Apr 5, 2007 at 4:34 PM

Remember TIFs? The tax increment financing scheme by which Bruce Burrow and other powerful developers and bond daddies in rapidly growing cities hope to siphon off school tax dollars to build shopping centers?

The Fayetteville School District is at the center of a major test case on the issue of whether the state's required 25 mills of local property tax can be captured by a TIF district in that city and even whether school taxes can be diverted at all by the TIF amendment. I favor the interpretation that the TIF enabling amendment did not repeal, by implication, the part of the constitutiona protecting school taxes strictly for school uses.

The case was argued orally today. It's folly to draw any conclusions from court questions, but my observer thought questioning by a couple of justices indicated a lack of receptivity to turning the 25 base mills over to the developers. (This alone will kill many get-rich-quick TIF schemes.) One justice even noted that repeal by implication isn't a favored legal argument hereabouts.

Taking the base mills would harm the Supreme Court's recent efforts to require the legislature to make an adequate effort to support schools.

 

From the ArkTimes store

Favorite

Comments (6)

Showing 1-6 of 6

Add a comment

 
Subscribe to this thread:
Showing 1-6 of 6

Add a comment

More by Max Brantley

Readers also liked…

  • Judge Griffen: Why black lives matter

    Another few words from Judge Wendell Griffen growing from the controversy over the sale of Black Lives Matter T-shirts at the state black history museum — removed by the administration and restored after protests from Griffen and others stirred by a story in the Arkansas Times:
    • Mar 13, 2016
  • Police identify two women found fatally shot on Chicot Road

    Little Rock police have identified two women found dead of gunshot wounds in an SUV parked next to a vacant trailer in a mobile home park at 11500 Chicot Road.
    • May 16, 2017
  • More on how highways were used to wipe out "blight" of non-white neighborhoods

    Vox, a news website that concerns itself with energy and other issues, has a fine piece, including before and after images, on the history of the U.S. interstate system and why roads were built through the middle of cities (unless people of influence stopped them — see Manhattan, San Francisco and Washington, D.C.)
    • Mar 22, 2016

Most Shared

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation