From Susan Handelsman: Last TIF 2 Meeting for Woodstock City Council 1-15-19 7 pm We understand Woodstock TIF 2 is a done deal, as far as Woodstock City Council voting is concerned. The meeting tomorrow night is simply a final … Continue reading
Category Archives: TIF
Prior to the December 18th Joint Review Board hearing for the huge new Tax Increment Financing District proposed by the Woodstock City Council, School District 200 Board President Carl Gilmore wrote the following call for opposition, which was published in … Continue reading
Susan Handelsman again urges Woodstock residents to contact members of their City Council asking them to reject the new Tax Increment Financing District: 2018 Woodstock TIF 2 Final City Council Action Coming Up Woodstock TIFs are tax hikes. Woodstock property tax rate … Continue reading
From Susan Handelsman: 2018 Woodstock TIF 2 Joint Review Board School Objections Woodstock TIF 2 Joint Review Board voted 5-2 to ‘pass’ TIF 2 (NOT “Recommend’ it). Two swing YES votes came from the Woodstock-chosen “Citizen Representative” who refused to … Continue reading
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
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
From Susan Handelsman: Understanding how TIF Raises Taxes and Lowers Property Values An easy way to understand how TIF raises taxes and lowers property values of real estate (other than commercial development receiving TIF subsidies) is to look at the model … Continue reading
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
From Rural Woodstock resident Susan Handelsman: The final Woodstock City Council Meeting hearing on TIF 2 is tonight, Tuesday, 12-4-18 at 7 pm, Woodstock City Hall. The passage of TIF 2 is largely considered a ‘done deal,’ but it is … Continue reading
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
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
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
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
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
This is a continuation of Woodstock’s Susan Handelsman’s analysis of the proposed Woodstock Tax Increment Financing District. WHY TAXING BODIES AND CITIZENS MUST OBJECT TO WOODSTOCK TIF 2 10. TIF will guarantee a higher property tax rate for Woodstock D200 taxpayers … Continue reading
This is a continuation of Woodstock resident Susan Handelsman’s analysis of the Tax increments Financing District proposed by the City of Woodstock. WHY TAXING BODIES AND CITIZENS MUST OBJECT TO WOODSTOCK TIF 2 6. Woodstock TIF 2 is extremely large … Continue reading
Further thoughts from Woodstock’s Susan Handelsman about the proposed Woodstock Tax Increment Financing District: WHY TAXING BODIES AND CITIZENS MUST OBJECT TO WOODSTOCK TIF 2 1. $150 million-plus of old Woodstock D200 debt is coming due in the next decade. New … Continue reading
From Cary School Board President Scott Coffey: What’s not mentioned in the above analysis is the fact that once a segment of the EAV base for taxing bodies is frozen (at $29.079 million), the rest of the community has to … Continue reading
Here’s is Susan Handelsman’s summary of the TIF District being considered in Downtown Woodstock: 2018 Woodstock TIF 2 At A Glance 1 555 acres, 512 parcels included. EAV to be frozen at 2017 assessments: $29,079,292 EAV projected at year 23: … Continue reading
Just in case folks don’t remember, the Huntley Outlet Mall was part of a Tax Increment Financing District. It was raw farm land. That shows how bad the TIF law is. And, now: Crews begin tearing down Huntley outlet mall … Continue reading