Missouri Coalitions Works to End Big Box Subsidies
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/missouri-coalitions-works-end-big-box-subsidies/In Missouri, a coalition of independent businesses and union members are backing a bill that would reform the state’s tax increment financing (TIF) law and put an end to subsidies for suburban big box stores, shopping malls, and other sprawling developments.
TIF allows a municipality to issue bonds to pay for part of the costs of a new development. Future tax revenue from the development is then diverted from the public coffers to pay off the bonds.

