Council approves Walnut Street projects, clears TIF rebate request
Council approved a Walnut Street building-improvement application and a separate TIF rebate request described as a 75% TIF payout for 15 years affecting six tax bills (estimated at roughly $11,000 annually). Staff said the TIF payment will increase as property tax bills change.
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The Murphysboro City Council voted to approve a building-improvement application for Walnut Street and moved forward on a related tax-increment financing (TIF) request.
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