Posts Tagged ‘financing capital projects’

What is a Synthetic Project Development Financing (aka Synthetic TIF)?

Friday, April 5th, 2013

Merriam-Webster’s online dictionary defines “synthetic,” among other things, as “devised, arranged, or fabricated for special situations to imitate or replace usual realities.” As the definition suggests, a “synthetic project development financing” (more commonly referred to as a “synthetic tax increment financing” or “synthetic TIF”) is a local government borrowing scheme that is “fabricated” to “imitate” a […]

Financing Capital Projects–Part II: Special Levies

Tuesday, January 29th, 2013

UPDATE AUGUST 2013: The General Assembly extended the authority for the Newer Special Assessment Method. It was set to expire on July 1, 2013. It is now set to expire on July 1, 2015. The legislature also made a few important changes to the Newer Special Assessment authority. See S.L. 2013-371. Blight City has fallen […]

Financing Capital Projects—Part I: “Saving” through Fund Balance and Capital Reserve Funds

Sunday, October 7th, 2012

UPDATE August 2013: For more information on capital reserve funds, click here. Blight City has fallen on hard times. Its population has declined significantly since the 1990s, due in large part to the shuttering of two large manufacturing plants. Emblematic of the city’s decline is its central downtown area. Once a vibrant community center, it […]

New Special Assessment Authority for Local Governments

Monday, September 14th, 2009

UPDATE August 2013: For more detailed information about special assessment authority in North Carolina, click here. Note also that the General Assembly extended the sunset on the new special assessment authority to July 1, 2015. It also made a few modifications to that authority. See S.L. 2013-371. For years, North Carolina counties and municipalities have […]