Imparting a legacy with your family is one of the most important things you can do in life. One of the ways to impart that legacy is to teach your children how to properly manage their money. According to a Pew Research Report, for the first time since 1880, young adults aged 18-24 (also known as Millennials) are more likely to live with their parents, than any other arrangement. Yikes!
This week I’m going to drop the personal off of personal finance to write a little bit about something that has become a hot topic locally.
Recently the Fort Collins City Council approved a financing package for the redevelopment of the Foothills Mall that included Tax Increment Financing, or TIF for short. This package in particular has brought about a lot of local commentary even though the City has used TIF and other tax offsets in the past.