Melrose Park making case for new TIF district
Chicago Tribune (Steve Brosinski) (scroll down to second part) covered a recent Melrose Park meeting about a proposed new TIF district.
Some members of the community are concerned the TIF money will be used to displace Latino families.
There are other general concerns about TIF districts.
1. Will current politicians borrow money against the future and make bad decisions about how to spend it?
2. Will TIF funds become a slush fund with less accountability than the normal village budget?
3. Will the TIF divert too much money from the schools?
4. Will the TIF district force the other taxing bodies (schools, library, park district, etc.) to raise taxes sooner and more frequently? Is the village putting too much of the tax base in TIF districts?
5. Will the TIF spending actually increase the tax base in the TIF district?
As Illinois law stands, there is too little accountability for local politicians creating TIF districts.
Some members of the community are concerned the TIF money will be used to displace Latino families.
There are other general concerns about TIF districts.
1. Will current politicians borrow money against the future and make bad decisions about how to spend it?
2. Will TIF funds become a slush fund with less accountability than the normal village budget?
3. Will the TIF divert too much money from the schools?
4. Will the TIF district force the other taxing bodies (schools, library, park district, etc.) to raise taxes sooner and more frequently? Is the village putting too much of the tax base in TIF districts?
5. Will the TIF spending actually increase the tax base in the TIF district?
As Illinois law stands, there is too little accountability for local politicians creating TIF districts.
Labels: Chicago Tribune, Melrose Park, TIF districts


