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Tax Increment Financing (TIF) is a public financing method that some local governments and transportation agencies may use to capture a portion of additional property (or sales) tax revenues that result when public investments cause property values (or total sales revenues) to increase. TIF is an increasingly important source of funds for transportation projects, and it has the potential to be a key part of project financing.

The TRB Transit Cooperative Research Program'sTCRP Legal Research Digest 55: Tax Increment Financing for Transit Projects examines whether and under what circumstances TIF might be used to fund transit operations and maintenance, as well as the challenges that such arrangements might face.

The digest includes case studies of Miami-Dade County, Chicago, Prince Georges County in Maryland, and more.

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Suggested Citation

National Academies of Sciences, Engineering, and Medicine. 2020. Tax Increment Financing for Transit Projects. Washington, DC: The National Academies Press. https://doi.org/10.17226/25985.

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Publication Info

8.5 x 11 |  DOI: https://doi.org/10.17226/25985
Chapters skim
TCRP LRD 55: Tax Increment Financing for Transit Projects 1-1
CONTENTS 2-2
SUMMARY 3-3
I. INTRODUCTION 4-4
II. USING TAX INCREMENT FINANCING FOR TRANSIT OPERATIONS 5-9
III. THE LEGAL FRAMEWORK UNDERPINNING TIFS 10-34
IV. CHALLENGES FOR USING TIFS TO SUPPORT TRANSIT 35-39
APPENDIX A: CASE STUDIES OF TIFS INVOLVING TRANSIT 40-48

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