From Woodstock’s Susan Handelsman:
Universal TIF District:
If a municipality chooses to incorporate a TIF District there is little recourse under Illinois law to stop it.
As Steve Willson’s seminal FOIA of a preeminent TIF consulting firm indicates (49 of 49 clients were deemed to meet the criteria for blight),
ANY district in Illinois may be considered ‘blighted’ for TIF legal description purposes.
Citizens or taxing districts who protest blight criteria must seek judicial relief, and that is expensive and difficult to obtain.
So, why not make EVERY SQUARE INCH OF PROPERTY in a County a TIF DISTRICT?
Certainly, a TIF District damages all taxpayers by raising property tax rates…but what if the recipients of TIF were not political-insider developers, but homeowner/taxpayers??!!
Illinois school funding formulae reward taxing districts with low taxable EAV (this includes the wealthiest areas of Chicago/Cook County) by paying more State funding to affected school districts.
If EVERY home and property were within a TIF District, that inequitable distribution of State funding would be obviated.
It is the distribution of TIF increment financing to politically-connected insiders which makes TIF such a destructive societal influence…
So WHY does the distribution need to be made that way?
Suppose a Universal TIF were created here in McHenry County.
ALL TIF increment tax proceeds for 23-35 years forward would be remitted, pro rata, to the taxpayers who paid said funds.