Special Service Area Assessments Not Even Considered for Financing Crystal Lake TIF District Area Improvements

The City of Crystal Lake has not even considered imposing special property taxes on the businesses who are supposed to benefit most by the two Tax Increment Financing Districts it has proposed.

Instead of taxing those businesses that will benefit from the TIF districts, the city proposes taxing everyone else in McHenry County. A hearing will be held in the City Council Chambers at 7:30, Tuesday, Nov. 1st. Anyone in McHenry County may testify.

At Friday’s Tax Increment Financing Joint Review Board meeting, the outside consultant Les Brown, President of Teska and Associates, was asked if a study had been performed to see if Special Service Area Assessments could have financed the improvements sought at Vulcan Lakes and along Main Street.

The answer was, “No.”

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