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Spring 2014 ISSUE IN THIS ISSUE: Proposed TIF District Message from the Board Elk Grove Wins Economic Development Awards Village Welcomes Joe Caputo & Sons State of the Village Address Cook County
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What is proposed tif district?
A proposed tif district is a designated area where Tax Increment Financing (TIF) may be used to promote economic development.
Who is required to file proposed tif district?
Local governments or developers are required to file proposed TIF district.
How to fill out proposed tif district?
The proposed TIF district must be filled out with detailed information about the area, proposed projects, and goals for economic development.
What is the purpose of proposed tif district?
The purpose of proposed TIF district is to stimulate economic development, create jobs, and improve infrastructure in blighted areas.
What information must be reported on proposed tif district?
Information such as the boundaries of the proposed district, estimated project costs, expected increase in property values, and projected tax increment revenues must be reported on proposed TIF district.
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