State lawmakers love to gamble. The state lottery, video poker, the LSD Corp., and tax increment financing (TIFs) are just a few recent examples.
We’ve detailed the problems with TIFs in the past, the UNC School of Government has agreed with us, and Daren Bakst even offered ways to improve the law. Instead of listening to Daren, however, legislators want to make it easier to issue TIFs and raise taxes to pay for them and in the process leave local governments more vulnerable to problems when the financed project goes bust.
