2010 Senate Bill 1238 ↩

Senate Roll Call 438: Passed

To give local "tax increment financing authorities" the power to borrow and spend on infrastructure projects and subsidies that promote the use of mass transit and are within a half mile of a transit station. The debt is paid by "capturing" a portion of increased property taxes that would otherwise be available to local governments to pay for their own operations (or for tax cuts). The bill is part of a package comprised of Senate Bills 1233 to 1237.