COO explains TIF mechanics and Decatur board presses on potential levy impacts
Chief operating officer Tom Osborne gave a neutral, educational overview of tax-increment financing (TIF) districts and their potential effect on school levy calculations; board members asked whether deferring or not renewing a Near North TIF could help recapture taxable value for the district.
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Tom Osborne, identified by the superintendent, presented a neutral, educational explanation of tax-increment financing (TIF) to the board, describing how TIF districts freeze a base equalized assessed value (EAV) and capture incremental growth to fund redevelopment projects rather than general taxing bodies.
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