A benefit of tax increment financing is

Name: A benefit of tax increment financing is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Tax increment financing can lead to increased property taxes, as the value of the property being developed increases. This also has the potential to create more jobs, as development often leads to new business opportunities. Additionally, a stronger tax base can be built with the increased property values and economic growth resulting from the development, which can benefit the entire community.

A Benefit of Tax Increment Financing Is