Why TIF Districts Raise Your Taxes

From School District 200 resident Susan Handelsman: WHERE DOES TIF MONEY COME FROM? Mayor Brian Sager of Woodstock and a large team of highly compensated Financial Development department government employees assert that the money comes from TIF ‘Development’, NOT taxpayers … Continue reading

First Woodstock Tax Increment Financing District Analyzed

From Seneca Township and School District 200 resident Susan Handelsman: 1997 Woodstock TIF 1 Data about Diecast Site By historical records available, it seems that: By 1998, the Diecast site was cleaned up at Allied Signal’s expense, and the clean … Continue reading

MCC Teacher Ignores MCC Board’s Opposition Woodstock TIF District

From Woodstock’s Susan Handelsman: 2018 Woodstock TIF 2 City Council Appeal 11-20-18 Woodstock City Council, the only people empowered now to stop Woodstock TIF 2, need to be made aware that the so-called ‘taxpayer’s representative” on the Joint Review Board … Continue reading

Can the Woodstock TIF Be Stopped?

More thoughts from Seneca Township resident Susan Handelsman: WOODSTOCK TIF 2: CAN IT BE STOPPED? Lawsuit. Woodstock CUSD 200 has standing to file litigation to stop this TIF. The TIF study procured by Woodstock has enough similarities to the 2016 … Continue reading

Fighting the Woodstock Tax Increment Financing District

From Seneca Township’s Susan Handelsman: WOODSTOCK TIF 2: TAXPAYERS SELF-DEFENSE OPTIONS Detach southern/western portion of taxable properties from Woodstock CUSD 200.  A second school district could be created from the old high school and new Dean Street school complex. New … Continue reading

Trying to Get a Handle on Tax Increment Financing Districts

The following is from rural Woodstock resident Susan Handelsman, as result of substantial analysis: Quantifying the Nebulous “But-For” TIF (Tax Increment Financing) Requirement Using Cap rate as ‘But-For’ guidance In every profession there are industry standards guiding decisions. Real estate … Continue reading

Susan Handelsman Points Out $47 Million New Woodstock TIF Cost Worth Only $34 Million

Here is what Seneca Township resident Susan Handelsman, an ardent Tax Increment Financing District opponent, presented in Public Comment at Monday’s Woodstock Joint Review Board meeting. Analyze TIF as a Promised Annuity beginning Payment in 23 years.. (Woodstock TIF 2 … Continue reading

Woodstock Tax Increment Financing District Hearing Yields No Substantive Discussion by Joint Review Board

At three o’clock representatives from the following tax districts who would be negatively affected by the proposed 562 acre, 536 structure Woodstock TIF District met at City Hall: McHenry County College Woodstock School District 200 Woodstock Fire Protection District Dorr … Continue reading

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