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Newspaper
Matteson Star
Location
Matteson, Illinois, United States of America
Date
Jan 15, 1998
Page
15
Banaszak says district lost 1.9 million to three TIFs in 1996 and recovery efforts failed. Wahl notes Homewood surplus and awaits TIF closure, warning of grim reaper timing but arguing net tax gains later exceed current surpluses. He urges broader community benefit and trust across governments for cooperation.
Area school districts have used litigation and threats of court action to challenge tax increment financing districts. In cases from Orland Park to Chicago Ridge, joint actions and record demands sparked settlements and refunds, with districts like North Palos 117 and Moraine Valley receiving hundreds of thousands in tax surpluses. Palos treasurer Lee Harris urges unified action to counter TIF allocations and protect funding for schools and taxing bodies.
Citing stiffer competition from Indiana gambling boats, Joliet riverboats Empress Casino Joliet and Harrah’s Joliet show declines in 1997 adjusted gross receipts. Empress down to 136.3 million from 167.9 million in 1996, Harrah’s to 152.7 million from 181.6 million. statewide figures fall to 1.054 billion from 1.31 billion.
South Suburban College launches an over 25 program granting district residents 25 percent off tuition for their first credit course. Eligible students cannot receive aid or subsidies. some course restrictions apply. Late registration Saturday 9 am to 1 pm. New students must submit transcripts and may face placement testing. For details call 596-2000 ext 2495 or ext 2220. Classes begin Tuesday.
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