Most south suburban TIF districts saw revenue increases, report says

Most tax increment financing districts in the south and southwest suburbs gained revenue last year compared with 2015, according to a new report by Cook County Clerk David Orr.

TIF districts are widespread in the Southland, with communities using incremental increases in property tax revenue to pay for public improvements such as new streets, water and sewer lines and sidewalks. In some instances, revenue generated goes toward paying the principal and interest on bonds to finance those improvements…Please click here to read Mike Nolan’s story in the Tribune/Daily Southtown.