Redevelopment commission reports unexpected TIF revenue boost
The Geneva Redevelopment Commission reported unexpectedly high tax-increment financing (TIF) revenue for the year and reviewed the TIF district’s history and term limits.
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The Geneva Redevelopment Commission reported an unexpectedly large TIF revenue draw for the year during its annual meeting. Bill Warren, the commission’s clerk treasurer, told attendees: “We received revenue this year of $2,599,387 dollars and 98¢, which was a surprise to me because I didn't expect to get that much.”
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