Tax breaks spur development, but at what benefit to Kentucky?

With hundreds of millions of dollars going to developers through tax increment financing, or TIFs, for projects in both blighted, and prosperous areas, the state of Kentucky has yet to study the return on investment that these dollars yield.
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With hundreds of millions of dollars going to developers through tax increment financing, or TIFs, for projects in both blighted, and prosperous areas, the state of Kentucky has yet to study the return on investment that these dollars yield.

How developers of Lexington’s flashiest mall got a tax break meant for blighted areas

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Kentucky’s tax problem

Kentucky’s legislature needs billions of dollars to pay down the state’s unfunded pension liabilities. As it happens, Kentucky essentially gives away billions of dollars every year through what are called “tax expenditures.” Will Kentucky lawmakers close some of these loopholes?

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October 26, 2017 08:45 AM