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The Yonkers project represents a rare New York State use of a procedure known as tax- incremental financing — an urban-redevelopment tool popular throughout the country.
"We are engaged in negotiations to secure incremental financing," she said, "and liquidity remains sufficient to meet the company's current and anticipated needs looking forward".
Although Congress did agree to provide incremental financing of $20 million over the next two years for the collection of cord blood, that financing is now in limbo, with lawmakers unwilling to put money behind the effort until administrative issues are resolved.
Therefore, when studying the effects of the marginal tax rate on firms' debt policy, it is more instructive to examine incremental financing decisions rather than simply widely-used debt ratios.
This means identifying and filling those critical incremental financing gaps that will then unlock much larger funding streams, thereby enabling transformational change.
The $3.2 million estimated cost of the station was to be financed through a pair of federal transportation grants in addition to the village borrowing against its tax incremental financing district from the adjacent industrial park.
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Proposals include a £10.2m Tax Incremental Finance initiative to spur economic growth in area.
The council will put land, originally earmarked for the Sevenstone project into the fund, as well as government cash borrowed under the Tax Incremental Finance (TIF) scheme.
this naturally involves additional and incremental finance requirement to make development climate change resilient now and for the future while undermining continued economic growth and development in a sustainable manner (Table 1).
Growing the local economy has been one of the main priorities for the authority, with the council aiming to create over 5,000 new local jobs through the Tax Incremental Finance initiative.
For tax-incremental financing to work, the school district and the city must be the same taxing entity, which is the case in Yonkers.
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