Friday, October 21, 2005

Crystal Lake's Tax Increment Financing (TIF) Districts To Raise Your Taxes

Crystal Lake has recently proposed two Tax Increment Financing districts, one along Main Street and the other along Route 14. Both will result in your tax rates being raised in future years as other local tax districts try to compensate for the lost real estate tax revenue that will result from freezing the assessed valuation of the property within the TIF districts.

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# posted by Cal Skinner : 12:05 PM
Comments:
I'm so happy to see that you in the blogosphere. Go get 'em, Cal!!
# posted by Blogger Hacker : 9:05 PM
 
Cal, What a great idea. I hope to see a great deal of education referenda discussions on you blog.
# posted by Blogger Jim and Cathy Peschke : 12:10 PM
 
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