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A TIF (Tax Increment Financing) district is an area where property tax growth is set aside to fund local improvements like infrastructure, redevelopment, and job creation. When a TIF is created, the property tax base is frozen — as property values rise, the extra tax revenue (the “increment”) goes into a special fund for the district instead of to other taxing bodies. TIF districts typically last 23 years.
Financial data shown is from FY2023. The municipality has not yet filed newer annual reports with the IL Comptroller. We update automatically once they do.
Total Districtsi
4Activei
4Total Increment Revenuei
$37KTotal Expendituresi
$313K