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City Council adopts findings on tax-increment financing study, urges alternative tools
Summary
The Honolulu City Council on Wednesday adopted the final report from a permitted interaction group that studied tax-increment financing and recommended exploring alternative financing tools such as community facilities districts and public–private partnerships.
The Honolulu City Council adopted council communication 221 on Wednesday, accepting the findings and recommendations of a permitted interaction group that studied tax-increment financing (TIF) for the city.
The report, created under resolution 25-56 CD1, summarized models the group examined — including pay-as-you-go approaches and bond-financed TIF — and recommended focusing on alternative financing tools such as community facilities districts (CFDs), impact fees, public–private partnerships and “synthetic” TIF models. Council Member Kia Aina moved to adopt the report;…
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