"Mitigation Certificates" & "Tax Increment Financing"

I knew at some point the two taxing scheme's would eventually meet up.  This combines the worst of con scams.  Madoff would be proud of what they have created.....

http://www.law.stanford.edu/program/centers/enrlp/casestudies/collection/balcones.pdf


How Should They Pay?
 There were two different ways that developers might pay for the preserve. The first involved what were called “mitigation certificates.” The second method of potential revenue was “tax increment financing.”