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State TIF bill will fail; City TIFs under debate

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By Tom Weber, KWMU

http://stream.publicbroadcasting.net/production/mp3/kwmu/local-kwmu-511393.mp3

St. Louis, MO – Missouri lawmakers will finish their spring session Friday.

One measure that was debated but never got a final vote would have changed how TIFs are doled out.

TIF, or tax increment financing, is an incentive that's credited with helping rebuild run-down parts of St. Louis City.

State lawmakers, though, had been looking to curb TIF abuses in the suburbs where neighborhoods aren't really dilapidated. Still, some city leaders say a second debate is needed that focuses only on urban areas.

KWMUs Tom Weber prepared this report.

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