Local News

Farmer City To Extend TIF District on Southwest Side of Community

Farmer City leadership is in the midst of an education campaign about the extension of a TIF district on the community's southwest side.

 

City Manager Sue McLaughlin explains they recently held a hearing on the issue to allow the community to learn more about the extension and learn more about how TIFs work.

 

 

McLaughlin explains an often misconception about TIF districts is taxes in those areas go up but what happens is as property values increase, the difference in the increase and the levy goes into the TIF fund.

 

 

McLaughlin believes the TIF has been very beneficial for the community so far. She points to the businesses along the corridor of Route 54 that runs through it that have benefited from the funds as well as improvements made to the neighborhoods in the footprint of the TIF. 

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