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SECTION 2 Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1. FY 2020 Name of Redevelopment Project Area (below): Downtown/Central Primary Use of Redevelopment
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Files Illinois Comptroller Government TIF 2019 Section 2 Section 2 is a specific filing requirement related to the Transparent Budgeting process for local governments in Illinois, focusing on Tax Increment Financing (TIF) and the reporting of financial information.
Local governmental units in Illinois that utilize Tax Increment Financing (TIF) districts are required to file this report.
To fill out the filing, local governments must gather financial information related to TIF revenues and expenditures, complete the designated form accurately, and submit it through the Illinois Comptroller's office online portal.
The purpose is to ensure transparency and accountability in the management of TIF funds, allowing the public to access relevant financial information.
The report must include details about revenue sources, expenditures, and the overall financial status of the TIF district, including any outstanding obligations.
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