How obscure tax breaks make wealthy developers richer, and strangle struggling communities

Mar 6, 2023 · 25m 37s

Description

Tax breaks such as TIFs, PILOTS, Brownfields Credits, Enterprise Zone Tax credits are used by corporate developers across the country to defer millions worth of property taxes for decades while...

Tax breaks such as TIFs, PILOTS, Brownfields Credits, Enterprise Zone Tax credits are used by corporate developers across the country to defer millions worth of property taxes for decades while working class property owners pay the full tax rate. TRNN reporters Taya Graham, Stephen Janis, and longtime Baltimore reporter Jayne Miller take a deep dive into this wealth creation mechanism that remains out of the hands of the people and leaves city taxpayers on the hook.

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