Tax increment financing for transit is back, with set of warnings

Written by Miami Today on January 16, 2018

The fourth version of a plan to use taxes from rising property values along future mass transit lines to finance transit development aims comes before a county committee today (1/18) with a lukewarm mayoral endorsement coupled with warnings.

The proposal by county commission Chairman Esteban Bovo Jr. would allow the county to sweep taxes based on much of the growth of property values along future rapid transit routes into a fund to build, run and support rapid transit…To read the full story click here