The following is an excerpt from the July 27 issue of The Wichita Eagle. John Wong, professor and interim director of the Hugo Wall School of Urban and Public Affairs at Wichita State University, provides expertise for the story.

Wichita's tax districts aren't breaking even
Jul 28, 2008 9:54 AM | Print

Tax increment financing helped create Old Town, brought a grocery store to a business-deprived northeast neighborhood and put a Gander Mountain store on the east bank of the Arkansas River.

But city and county tax records show that nearly $159 million in public money has been spent on Wichita's tax increment financing districts, to get roughly $150 million worth of new development.

That new development equals about a $37 million increase in the property tax base.

"You would hope the (public) investment would generate a multiple of the investment, not the other way around," said Wichita State University economist John Wong, an expert on municipal finance.

Read full story.

Created on Jul 28, 2008 9:54 AM; Last modified on Jul 28, 2008 10:22 AM
Report shows Wichita State grads doing well
WSU students help the homeless
WSU students work on campus construction projects
WSU School of Nursing offers RN-BSN program
Historic bookcase returns to Wichita State
WSU professors seek input on study
Elliott School honors outstanding alums
WSU's Sigma Xi wins Chapter Award
Linwood Sexton Scholarship award winner
Wichita State physical education educator honored
New partner for WSU's tech cluster
KSBDC and PTAC offer free seminar
Russell named director for new center
WSU Nerd Union hosts LARP event
More K-12 schools teach engineering
Psychology professor, Children's Champion
Kansas Senate, House OK $2M for innovation campus
Virgin America still No. 1 airline
'Forty Years/Forty Stories' at WSU museum
February/March 2014 Academe at Wichita State
See a virtual walk-through of Shocker Hall
Wichita high schoolers win WSU Jabara Scholarships
© 1995-2014 Wichita State University. All rights reserved.
Valid HTML 401