Tax Increment Financing District
The Gary/Chicago International Airport is spending down a multimillion taxpayer fund in order to pay the bills for its $166 million expansion project, following a stalled move to borrow $35 million at summer's end.
SOUTH HOLLAND | The Village Board this week hired a firm to study a tax increment financing district along the Bishop Ford Freeway to determine if any changes ought to be made.
MUNSTER | The Indiana State Board of Accounts and the Munster Redevelopment Commission seem to be in tiff about the use of TIF funds.
VALPARAISO | The Porter County Redevelopment Commission was told Thursday it could reap $8.4 million during the next 20 years from the new hospital alone if a tax increment finance district is created along that portion of the U.S. 6 corridor.
MERRILLVILLE | The Town Council this week developed a funding source for multiple road projects when it voted to expand the Merrillville Road tax increment financing district.
MERRILLVILLE | The Merrillville Redevelopment Commission unanimously approved expanding the Merrillville Road tax increment financing district.
LANSING | While proposed tax breaks for several major businesses in Illinois failed in the General Assembly this week, a bill to extend a tax increment finance district along Ridge Road in Lansing was approved.
The Grassroots Collaborative held a protest Nov. 9 calling on the Chicago City Council to pass the Responsible Budget Ordinance and declaring City Hall a "budget crime scene."
CHICAGO | Activists and aldermen who campaigned for TIF reform say the steps the 2012 city budget takes in bringing money back to the community is not enough.
LANSING | Village President Norm Abbott plans to spend part of this week at the Statehouse in Springfield lobbying state lawmakers.
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