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Reform of TIF tax districts stalls in Springfield
A bill to overhaul the 21 year old tax Increment Financing district law stalled in a conference committee. State Sen Christine Radogno said momentum exists as the General Assembly plans to reconvene January 11 with the new session on January 13. The measure would restrict use of revenues and tighten district contiguity rules amid debates over school funding and municipal growth. Brown and other negotiators expect passage, with provisions allowing noncontiguous districts only in Chicago and the 10 largest downstate municipalities.
MENTIONED IN THIS ARTICLE
Star Time
Oil General Assembly
Christine Radogno
R-Lagrange
General Assembly
Radogna
Chicago
Ann Dickett
The
South Cooperative Organization For Public Education
Brown