D300 Suing Sears for Lost Tax Increment Financing District Money

The Chicago Tribune has an article about a suit by Algonquin School District 300 against Sears. The District formed a coalition of parents, students, employees and just plain taxpayers to oppose the extension of the Sears TIF District a second … Continue reading

Woodstock Wants to Continue Getting TIF Money to Finance Redevelopment

Minutes from the Woodstock City Council reveal that efforts are in motion to continue the flow of money being used to rnow enovate the Old Courthouse (where I served as McHenry County Treasurer from 1966-1970). The mechanism will continue to … Continue reading

Lakewood Trustee Jason McMahon Calls Out Village President Paul Serwatka

From Lakewood Village Trustee Jason McMahon: Lakewood Residents Intentionally Misled Paul Serwatka intentionally misled Lakewood residents by stating that Jason McMahon and developer Lou Tenore have a “grossly improper” relationship.  Paul Serwatka knows the truth and the phone records provided … Continue reading

Wauconda Tax Districts Go After Lakemoor TIF Districts

Three local tax districts have taken on Tax Increment Financing Districts in Lakemoor. Since McHenry County Blog was started in 2005 when I got angry about the Vulcan Lakes TIF District, it seems appropriate to focus attention on local tax … Continue reading

Districts 220 & 300 Fight Hoffman Estates TIF District

Algnoquin School District 300 is a veteran at fighting Tax Increment Financing Districts. It took on Sears when it wanted an extension of its original TIF District subsidy. The District carried the fight to Springfield and made the eventual extension … Continue reading

Skillicorn Supports Legislation Allowing TIF Money to Go to Schools

A press release from State Rep. Allen Skillicorn: Skillicorn Pushes TIF Reform and Transparency for Taxpayers CRYSTAL LAKE – Last week, State Representative Allen Skillicorn (R-East Dundee) joined with colleagues in the Illinois House of Representatives to pass legislation to … Continue reading