This year McHenry County Clerk Mary McClellan has made it easy to find what Tax Increment Financing Districts are extracting from our pocketbooks. Since my tax bill is composed of most of the tax districts into which Crystal Lakers pay, … Continue reading
Category Archives: Main Street TIF
I claim no knowledge that the Crystal Lake City Council might be contemplating another Tax Increment Financing District east of the one altering the “streetscape” between the stone cemetery monuments at Pizza Hut and across the street from Kwik Kopy. … Continue reading
This sign advertised that Main Street Station was going to develop condos and lofts where Hines (Rosenthal) Lumber used to be. The sign is gone. It appears the Hummel Group, which proposed to develop a five-story condo and commercial building … Continue reading
One of the arguments made by Crystal Lake Mayor Aaron Shepley and his majority on the city council for the 75% city sales tax increase was that the city would use $3 million of the money to relocate the Main … Continue reading
One of the arguments made by Crystal Lake Mayor Aaron Shepley and his majority on the city council for the 75% city sales tax increase was that the city would use $3 million of the money to relocate the Main … Continue reading
When the Tax Increment Financing District was being discussed for Main Street running from the railroad yard north of East Crystal Lake Avenue down to the classic car shop, one of the selling points was Columbia College’s presence in the … Continue reading
When the Tax Increment Financing District was being discussed for Main Street running from the railroad yard north of East Crystal Lake Avenue down to the classic car shop, one of the selling points was Columbia College’s presence in the … Continue reading
As I entered city hall shortly before 7:30 PM, the nearby train crossing gates were down. The bell was ringing. The Metra train was on the track. It had just left the station. At 8:53, three motions were made within … Continue reading
And, they shouldn’t be. Business owners in the Main Street project seem to have been assured that the condemnation powers authorized by the Tax Increment Financing law will not be used on them. When questioned about use of condemnation in … Continue reading
As much as $6 million a year tax shift from businesses in two proposed Tax Increment Financing Districts (TIFs) to us homeowners and other businesses has been proposed by the Mayor and City Council. Over 23 years, something in the … Continue reading
Crystal Lake has recently proposed two Tax Increment Financing districts, one along Main Street and the other along Route 14. Both will result in your tax rates being raised in future years as other local tax districts try to compensate … Continue reading