By: Diane Benjamin I posted how much Normal earned last year from their TIF districts in this story: https://blnnews.com/2022/03/26/hey-unit-5-jackpot-ahead/ A quick primer on TIF districts – Tax Increment Financing: TIFs are supposed to be used to revitalize blighted areas. An area is designated as a TIF district, money is invested in the TIF which hopefully […]
By: Diane Benjamin Decatur is on a calendar year. Information for 2018 has not been filed with the Comptroller’s office. The information below is from what was filed as of 12/31/2017. Decatur has 7 TIF districts. It does not appear any of them were started when Tim Gleason was City Manager. The dates below show […]
By: Diane Benjamin The majority of the meeting was spent talking about TIF districts. The City of Bloomington currently has two: Empire Corridor which is a massive area along Empire street, and Downtown Southwest. The City is trying to get approval from the other taxing bodies for two more: The old Junior High building area […]
