Marengo mulls TIF districts

Marengo mulls TIF districts

There are 1 comment on the Northwest Herald story from Mar 1, 2011, titled Marengo mulls TIF districts. In it, Northwest Herald reports that:

Today's Quickcast features stories on the McHenry Riverwalk Center coming under new management, D30... Press conference regarding Bianchi Weekend Rewind: February 25-27 Polar Plunge MARENGO – The city's proposal to establish two tax increment finance districts was met with both opposition and support at a public hearing Monday night.

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What the

Harvard, IL

#1 Mar 1, 2011
"A TIF district diverts taxes generated by rising property values into a special fund to repay things such as building improvements, construction bonds or utility costs." -NW Herald

We have rising property values?

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