I find the financial industry to be riddled with terminology designed to confuse the general population. With acronyms that no one can explain, multiple terms all meaning the same thing, and names that appear to be pulled from thin air, it can seem like the financial world is speaking a totally different language.
This week I’m going to drop the personal off of personal finance to write a little bit about something that has become a hot topic locally.
Recently the Fort Collins City Council approved a financing package for the redevelopment of the Foothills Mall that included Tax Increment Financing, or TIF for short. This package in particular has brought about a lot of local commentary even though the City has used TIF and other tax offsets in the past.