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Tax increment financing (TIF) districts are a popular but controversial tool used by local governments to fund development projects.

Supporters argue TIFs enable beneficial projects that would not otherwise happen, while critics cite a lack of transparency and increased taxpayer burden.

A debate over a TIF for a proposed $125 million theme park in Rapid City, South Dakota, will be decided by a special election.

PIERRE, S.D. – Tax increment financing districts have become a popular approach to supporting the growth of communities in South Dakota. A TIF is a tool that local and county governments can use to pay for improvement projects. As they become more popular, so does the controversy surrounding them.

Supporters argue the districts make possible economically ben

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