TIF district

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Business & Lifestyle

Litchfield ponders 12-year extension of TIF District 1

LITCHFIELD (Heartland Newsfeed) -- With four years remaining on the current tax increment fund (TIF) in District 1, the City of Litchfield presented their case to fellow taxing bodies as to why this district needs extended for an additional 12 years during an informational hearing which took place at the Litchfield Community Center on Wednesday, Feb. 21. "TIF districts address private investment in areas where private investment is not occurring," according to Mike Weber from St. Louis-based PGAV Planners during […]

todayFebruary 27, 2018 42

Capital Area Region

House bill would require referendum before local tax hikes

SPRINGFIELD (Heartland Newsfeed) -- Local lawmakers in the Illinois General Assembly could be prevented from passing tax hikes without voter permission. With passage, the state's voters will have to vote on a referendum as to whether or not tax hikes should be passed. Following years of continued abuse by state and local governments in the form of tax hikes, Illinois have realized their entitlement to vote with their feet, according to a report from the Illinois Policy Institute think tank.   […]

todayFebruary 4, 2018 5

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