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

Steve Stanek Fills Folks In on Local TIFs

The op-ed piece, originally published in the Northwest Herald, is published here with the permission of author Steve Stanek: McHenry’s Steve Stanek’s Take on Tax Increment Financing Districts The Huntley Outlet Center was supposed to send a flow of tax … 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

Hoffman Estates Delays Residential TIF District

The arguments made by Algonquin School District 300 and Barrington School District 200 (see article yesterday) must have had some impact on the Hoffman Estates Village Board. District 300 Superintendent Frederick Heid writes, The Hoffman Estates residential TIF proposed for … 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

Lakewood TIF Review Meeting

Lakewood Village Trustee Paul Serwatka tells what happened at the recent Tax Increment Financing District meeting, required by law. Reporting On The Lakewood TIF Review Board Meeting A quick update regarding the January 26, 2017 Lakewood TIF Joint Review Board … Continue reading

Lakewood TIF Joint Review Board Meeting on Rt. 47-Rt. 176 Intersection Improvement Thursday After Next

A message from future Lakewood Village President Paul Serwatka: Follow-Up on TIF District/Sportsplex Following up on recent developments with the TIF District/Sportsplex that I wrote about in my January 1st newsletter, I wanted to share with you what I have … Continue reading