Tax Increment Financing Districts Force Taxes Up for Those Outside those TIFs

Included on the Tax Rate Calculation page of the McHenry County Clerk’s Office are totals for taxes levied on property within TIF Districts. Tax Increment Financing Districts are mechanisms that allow municipalities to pry money out everyone in McHenry County … Continue reading

Original Developer of Vulcan Lakes TIF District Sentenced to Year in Prison in Unrelated Case

A 2007 Cub Scout meeting caused me to miss Springfield politician-developer Bill Cellini’s appearance before the Crystal Lake City Council the day it awarded the contract for the development of the Vulcan Lakes TIF District. It wasn’t until a Northwest … Continue reading

Message of the Day – Fog

Saturday morning it was foggy. How foggy? Take a look at the water tower in McCormick Park next to the Crystal Lake Chamber of Commerce Building. In the foreground you can see one of the ornamental street lights financed by … Continue reading

TIF Monument Advertisers Should Demand Money Back

These $16,000 Crystal Lake City Council-approved Tax Increment Financing District boundary markers were made for advertising. Unfortunately, the west wind-blown snow has obliterated the message of whomever is advertising today. The advertiser should ask for his or her money back. … Continue reading

Monument Ads – National Basketball Association

With the contract problems between owners and players, the NBA might be looking for institutional advertising. What better place that the four $16,000 Virginia Street Tax Increment Financing District boundary markers? = = = = = Photoshopping by one Heck … Continue reading

Monument Ads – Public Service Announcements

Public service announcements don’t bring in any revenue to help pay for the four $16,000 monuments, but they would establish that ads could be purchased. = = = = = Photoshopping by one Heck of a Guy blogster Allan Showalter. … Continue reading

Could TIF Monument Ads Help City Collect More Sales Taxes?

Crystal Lake used to get a lot of money from sales taxes? To keep the dollars flowing, the Crystal Lake City Council voted to hike the city’s rate by 75%. Advertising shopping opportunities in the city might help repay the … Continue reading

A Way to Recoup the Costs of the Virginia Street TIF Monuments

Besides increasing parking fees and fining people $100 for speeding past a camera, Chicago Mayor Rahm Emmanuel has come up with an idea that might work in Crystal Lake. He suggests selling space on public places, such as bridge monuments. … Continue reading

Crystal Lake’s $64,000 Question

The new monuments marking the edges of the Virginia Street Tax Increment Financing District cost $16,000 each. There are lots of questions, one set of which begins with “Why?” Let me give you a sample: “Why were they thought necessary … Continue reading

Crystal Lake TIF Monuments Cost $16,000 Each – Cost Updated/Corrected Downward

The first one I saw was near Pizza Hut. What was it? It looked like it belonged in a cemetery. Friday, I learned city officials actually call them “monuments.” On the monuments is the Crystal Lake City emblem or symbol: … Continue reading