Vulcan Lakes TIF Expected to Generate $115 Million, Lots Out of Taxpayers’ Pockets

In a meeting of Crystal Lake governmental bodies about the Vulcan Lakes/Route 14 Tax Increment Financing district, which the city council will vote upon next Tuesday at 7:30, its consultant revealed that $115 million is expected to be generated. And, … Continue reading

When Is a Crystal Lake TIF Tax Shift Not a Tax Hike?

When Crystal Lake Mayor Aaron Shepley says so. Or, at least, that is what he would have the audience and fellow council members believe if his performance at Tuesday night’s city council is any indication. Apparently, he was smarting from … Continue reading

Route 14 Crystal Lake TIF Business Owners Not Happy

And, they shouldn’t be. Business owners in the Main Street project seem to have been assured that the condemnation powers authorized by the Tax Increment Financing law will not be used on them. When questioned about use of condemnation in … Continue reading

Crystal Lake Park Board Interrogates City TIF Consultant

“How can the City of Crystal Lake adopt a TIF district that takes money away from people who don’t live in Crystal Lake?” Commissioner Dave Phelps asked. “It’ll cost people who don’t live in Crystal Lake more money. Doesn’t that … Continue reading