Tax Increment Financing (TIF) is a special funding tool used by the City of Chicago to promote public and private investment across the city. Funds are used to build and repair roads and infrastructure, clean polluted land and put vacant properties back to productive use, usually in conjunction with private development projects. Many other communities have adopted similar policies.
Companies that exceed pollution caps must pay fees into a Carbon Reduction Fund. Significant proceeds, as much as $19 million, are devoted annually to urban forestry projects.
EPA’s master site for information about planning, implementing and– most significantly — funding municipal water projects to protect human health and the environment.
This report addresses the fact that the impacts of stormwater pollution and the need to provide stormwater prevention, management, and treatment all create costs for communities and their residents. But provides data and case studies that show these costs can often be offset or reduced by making different choices about how we build communities and infrastructure. By incorporating trees and “green infrastructure” practices in efforts to control stormwater runoff, communities and property developers can reduce energy costs, diminish the impacts of flooding, improve public health, and reduce overall infrastructure costs.