East Dundee Set to Raise Taxes by Creating TIF

I never cease to marvel how municipalities seek to emulate the way Mayor Richard Daley has raped the tax base with Tax Increment Financing districts.

A TIF’s creation allows cities and villages to get all the benefit of growth for 23 years, although the General Assembly has increased that length in at least Peoria TIFs.

East Dundee residents who want to object may do so Tuesday night at the Village Hall Annex.

The TIF’s creation will raise the taxes of everyone in Carpentersville District 300, regardless of what village officials say.

The November 11th Rebecca O’Halloran article in Elgin’s Daily Courier News that inspired this post is here.

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