Tax Increment Financing (TIF) is a public financial tool cities, towns, and counties use to stimulate development and redevelopment in specific areas. This mechanism allows for the reallocation of ...

Administrators who have worked with tax increment financing call the funding system a “win-win” situation for everyone. But those representing other taxing entities that stand to lose money to the ...

Niles village leaders hope a new tax increment financing district on Touhy Avenue will spearhead an estimated $17 million in redevelopment along the corridor. The Niles Village Board voted 6-0 at its ...

ROCK ISLAND, Ill. — Rock Island is looking to bring in even more development to downtown in addition to ongoing construction. It would be through a new tax increment financing district, similar to the ...

The developers of the long-stalled redevelopment of the Urban Government Center could receive up to $20 million in property tax subsidies, should a newly introduced ordinance win Louisville Metro ...