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Gov. Nixon signs TIF reform bill that was spurred by EWG study

Missouri Governor Jay Nixon signed into law Wednesday a bill that represented “sensible and long overdue reform” designed to limit the use of tax increment finance (TIF) incentives in Jefferson, St. Charles, and St. Louis counties.

Nixon signed the legislation at the monthly meeting of the East-West Gateway Council of Governments, the federally designated metropolitan planning organization for St. Louis. Nixon credited EWG for its study in 2011 that documented that at least $5.8 billion in public money had been committed in TIFs and other forms of development districts. “The Assessment of the Effectiveness and Fiscal Impacts of the Use of Local Development Incentives in the St. Louis Region”

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