tax increment financing

Representatives from local taxing districts that levy property taxes within the proposed redevelopment area, along with a village representative and a public member, make up the Joint Review Board. #southbarrington #redevelopment

The nonpartisan government finance watchdog released three reports Wednesday examining the fiscal issues it says will shape CPS' financial future beyond this year's budget cycle. #cps #civicfederation #budget

Cohen said the development would fill a site that has laid dormant for nearly 50 years. “The 78” is being developed by Related Midwest on what Cohen called “a 62-acre hole” in the city grid. #centersquare #stadium #porjects

The city of Springfield bought the plot of land, known locally as the “Y-Block” north of the Governor’s Mansion for $1.5 million in 2014 using funds from the downtown’s TIF district. #tax #park #centersquare

Breaking the contract, Stillwell warned, would expose the village to costly lawsuits while still obligating Sugar Grove to comply with the agreement’s terms. #contract