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The Hoffman Estates residential TIF proposed for the Plum Farm development has been withdrawn.
The village is still working with the development group to address community concerns regarding density and other community concerns.
From a school district perspective we continue to work in tandem with CUSD200 to address our mutual concern regarding the number of students being generated and our need for a school site.
Our primary concern with the original TIF request was its ineligibility and overall fiscal impact.
The district remains in support of the interests and needs of other taxing bodies.
I believe that we have clearly demonstrated our mutual interest in seeing our community grow.
However, growth should not burden the local tax payer and should be certain to include the various needs of the community.
For future reference, and to better assist [those interested, one] can find a great deal of information on our website at http://www.d300.org/. The websites main page actually has a dedicated tab (right side blue and white) where stakeholders can find information regarding the Hoffman Estates TIF. You can visit the link directly athttp://www.d300.org/TIF.
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How refreshing that these school districts have figured out that Tax Increment Financing District are not good for taxpayers.