“TIFs re-direct taxes away from schools, parks and other local government agencies bankrolled by property taxes. Property taxes within a TIF district are frozen at existing levels for 23 years.”
That’s what the Chicago Sun-Times wrote yesterday in an article entitled,
The Vulcan Lakes TIF is larger, as I revealed in one of my first articles on Dec. 1, 2005. I titled it,
Just putting things in perspective.