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TICM taxes refer to taxes related to the Tax Incremental Financing (TIF) program, which is a public financing method used to subsidize redevelopment, infrastructure, and other public projects in designated urban areas. By capturing the future tax revenue generated from increased property values in these areas, local governments can fund improvements without raising taxes. TICM taxes can help stimulate economic development but may also lead to concerns about the impact on existing taxpayers and the potential for gentrification.

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1mo ago

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